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

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.

Reported By

Leave a Reply

6 Comments on "Jio to raise up to Rs 750 crore via non-convertible debentures issue"

 

Sort by:   newest | oldest
Sandeep
May 31, 2016 9:45 am 9:45 AM

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

Niraj
May 29, 2016 7:02 pm 7:02 PM

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

Ajay
May 28, 2016 3:25 pm 3:25 PM

I remembered there were lots of post of launch of etisalat in India few years ago in TT. similar hype was created by TT. I fell same case with jio post on TT.
Enough article for jio. Let them launch…
thumbs down for TT paid articles.

wpDiscuz