Brookfield-backed Summit Digitel to raise Rs 11,836 cr, RIL may invest
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Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities.
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The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange.
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MUMBAI: Brookfield-backed Summit Digitel Infrastructure, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.