Reliance Industries Considers Record $1.8 Billion Bond Sale

Reliance Industries is India's largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods.

Mukesh Ambani's Reliance Industries Ltd. is considering raising as much as 150 billion rupees ($1.8 billion) via the sale of local-currency bonds, according to people familiar with the matter who asked not to be identified because the matter is private.

The transaction, if it concludes, would be the biggest rupee sale ever for Reliance, Bloomberg-compiled data show. It would also be the conglomerate's first domestic bond since 2020, according to the statistics.

A representative for the firm didn't have any immediate comment when contacted late on Wednesday.