Reliance to raise Rs 25,000 crore to fund Jio, service debt

Mukesh Ambani-led Reliance Industries plans to raise ₹25,000 crore in debentures to fund Jio's expansion and replace existing high-cost borrowings. The company, in a notice, said that its annual general meeting will be held on July 21 to consider the fundraising and to seek shareholders' approval. Notably, Reliance has invested nearly ₹2 lakh crore in Jio till now.

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