RIL promoter group co Sikka Ports plans to raise Rs 4,000 cr via bonds

RIL promoter group co Sikka Ports plans to raise Rs 4,000 cr via bonds

Mumbai: Sikka Ports and Terminals (SPTL), a Reliance Industries Limited (RIL) promoter group company, is likely to raise Rs 4,000 crore from a group of three large private sector lenders comprising Axis Bank, HDFC Bank and ICICI Bank, three people aware of the matter told ET. These banks are expected to subscribe to five-year bonds, the proceeds of which will be used for refinancing and capacity expansion purposes, the people said on condition

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