What was filed
Reliance Industries told the exchanges it has allotted a series of unsecured, redeemable non-convertible debentures — designated "PPD Series R" — on a private placement basis. The debentures were issued on a 'multiple yield allotment' basis. A base issue carried a green-shoe option to retain over-subscription, and the aggregate amount received landed modestly above the base size.
The terms
The debentures are unsecured, carry a fixed coupon payable annually, and run a ten-year tenor to maturity in October 2036. Each of the ten scheduled coupon payments is of an equal per-NCD amount. Both CRISIL Ratings and CARE Ratings assigned the instrument their highest 'AAA/Stable' grade. The company stated there is no delay or default in payment of interest or principal.
Why it matters to a holder
The NCDs are proposed to be listed on BSE and NSE, and copies of the intimation were sent to the Luxembourg and Singapore exchanges. This is a debt-raising exercise rather than an equity event — it adds fixed-rate borrowing to the capital structure without diluting shareholders. The filing discloses the instrument's terms but does not state the intended use of proceeds.