RJIL to raise Rs 30 billion by issuing secured redeemable non-convertible debentures

Reliance Jio Infocomm Limited (RJIL) is planning to raise Rs 30 billion by issuing secured redeemable non-convertible debentures on private placement basis.

Earlier in July 2015, the company had announced to raise Rs 4.5 billion through the issue of debentures. The company had also raised $ 750 million in May 2015 from a consortium backed by Korea Trade Insurance Corporation to buy telecom equipment from Samsung Electronics and Ace Technologies.

Meanwhile, RJIL is planning to offer its 4G services for Rs 300-500 per month. It will also launch its 4G mobile handsets under the brand name of LYF.  RJIL has also built an optical fibre network comprising nearly 250,000 route kilometres of optical fibre cables.