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State Bank of India, the country's largest lender, purchased 40% of Reliance Industries' Rs 13,000 crore ($1.35 billion) 10-year debt sale, which was completed on Wednesday.
State Bank of India led demand for Reliance Industries’ Rs 13,000 crore 10-year bond issue, estimated to have bought nearly Rs 5,000 crore (about 40%).
State Bank of India was the largest investor in Reliance Industries' Rs 13,000 crore 10-year bond offering, purchasing nearly 40% of the issue. This marks Reliance's return to the domestic debt market, with banks, insurers, and pension funds increasing allocations to high-quality corporate bonds.