RIL promoter group co Sikka Ports plans to raise Rs 4,000 cr via bonds
In June last year, SPTL had raised Rs 2,000 crore via non-convertible debentures offering 7.2 per cent interest with three-year maturity.
Synopsis
The bond sale could well prompt other large firms to tap into the local debt market, which is drying up in the aftermath of localised lockdowns that are aimed at checking the second wave of coronavirus but come at an economic cost.
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.