Deals
Reliance Said to Seek Banks for $1 Billion Bond Sale
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Reliance Industries Ltd., India’s biggest company by market value, approached banks to help it raise at least $1 billion from a bond sale, according to three people with direct knowledge of the matter.
The energy explorer, owned by billionaire Mukesh Ambani, may use the money for acquisitions, one of the people said, asking not to be identified as the matter is private. Reliance rose 2.1 percent to 1,007.90 rupees in Mumbai, its biggest gain in two weeks.