RIL plans to raise Rs 10,000 crore via issue, AGM on June 12

MUMBAI: Oil & gas major Reliance Industries may approve offer to subscribe to Non Convertible Debentures on private placement at its 41st annual general meeting on June 12.

"The members of the Company, at the 40th Annual General Meeting held on June 18, 2014, had authorised the Board of Directors of the Company to offer or invite subscription for non-convertible debentures, in one or more series / tranches, aggregating up to Rs 10,000 crore on private placement," the company statement said.

"The members may note that the Company has not made any private placement of non-convertible debentures pursuant to the said authorization," it added.