Jio to raise up to Rs 750 crore via non-convertible debentures issue

By May 28th, 2016 AT 1:48 PM

Jio Infocomm, which is expected to launch full-fledged commercial operations by December this year, is preparing to raise up to Rs 750 crore through issuance of redeemable non-convertible debentures on a private placement basis, following last month’s debenture issue of up to Rs 2,250 crore.

jio-India-mifi-delhi

In a filing to BSE, the telco said , “Pursuant to the approval of the Board of Directors and shareholders, the company proposes to issue secured redeemable non-convertible debentures aggregating up to Rs 750 crore, on private placement basis.

In May 2015, Jio has raised around Rs 4,500 crore from a consortium backed by Korea Trade Insurance Corporation to buy telecom equipment from Samsung Electronics and Ace Technologies.

Reliance Jio, which has launched services for its employees, partners and vendors on a trial basis, has recently extended its services to retail customers through employee-driven referral system. The services are currently available through LYF handsets only.

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Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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SandeepNirajAjaychintanRJIL OFC Recent comment authors
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Sandeep
Sandeep

Does jionet stopped it’s free WiFi services which they were giving using jionet towers?

Niraj
Niraj

Jio started to show coverage area on my Jio app on iOS. Everyone can know if ur area is covered or not

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