Mukesh Ambani's Reliance Industries is considering a substantial ₹150 billion ($1.8 billion) bond sale, potentially marking its largest-ever rupee sale. This move, if finalized, would be Reliance's first domestic bond since 2020.
The conglomerate, encompassing diverse sectors like petrochemicals, communication, and consumer goods, is rapidly venturing into new areas including 5G and green energy.
Despite rising borrowing costs in India, Reliance holds a robust AAA credit score from Crisil Ratings, surpassing Tata Motors. However, Moody's and Fitch place Reliance at the lower tiers of investment grade. This potential bond sale signifies Reliance's strategic move in consumer-centric ventures.