(BS)
Reliance Industries (RIL) said it will make an offer for issuing non-convertible debentures (NCDs) worth Rs 2500 crore next week. The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business, it said. The announcement was made after market hours yesterday, 30 August 2017.
Meanwhile, RIL said it fixed 9 September 2017 as the record date for the proposed 1:1 bonus issue of the company. Wipro said it has fixed 15 September 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in share buyback. The announcement was made after market hours yesterday, 30 August 2017.
The company’s board on 20 July 2017, approved a proposal to buyback up to 34.37 crore shares for an aggregate amount not exceeding Rs 11000 crore.
