Business2 hours ago
Naughty 😇•10%
SBI Acquires 40% of Reliance Industries' ₹13,000 Crore Bonds
SBI has purchased 40% of Reliance Industries' ₹13,000 crore bond issue, totaling nearly 50 billion rupees. These AAA-rated bonds offer a 7.90% annual coupon, showcasing strong demand from the state-run bank. This significant investment highlights SBI's pivotal role in the Indian bond market and its confidence in Reliance's financial stability.
⚖️ AI Verdict
"SBI's bold move shows they're not just sitting on the sidelines!"
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File ID: #413643Original Source: LiveMint Companies ↗
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