Mukesh Ambani’s Reliance Secures $2.4 Billion Through Asset-Backed Securities

Reliance Industries has raised about ₹210 billion ($2.38 billion) through asset-backed securities, according to the Bloomberg report. The transaction is among the largest of its kind in India this year.

Around three-quarters of the securities were bought by domestic asset managers. Buyers included Aditya Birla Sun Life Asset Management, HDFC Asset Management, ICICI Prudential Asset Management, Nippon Life India Asset Management, and SBI Funds Management.

Issuance Structure

As per news reports, the securities, structured as pass-through certificates, were issued by three trusts- Radhakrishna Securitisation Trust, Shivshakti Securitisation Trust, and Siddhivinayak Securitisation Trust. They have maturities of 3, 4, and 5 years and carry an average coupon of 7.75%.

Market Context

India’s securitisation market remains relatively small but is expanding. According to ICRA, an affiliate of Moody’s Ratings, issuance volumes are expected to exceed ₹2.5 trillion in the fiscal year ending March 2026, the highest on record.

As per news reports, Barclays Plc arranged the transaction. Reliance initially targeted ₹180 billion but raised the size to ₹210 billion due to strong subscription levels.

Asset Backing

As per the news reports, the pass-through certificates are backed by loan receivables from Digital Fibre Infrastructure Trust. This trust was set up by Reliance Industrial Investments and Holdings Ltd. The securities are further supported by payouts under an options agreement involving promoter entities of Reliance Industries.

Read more: Reliance Industries Establishes Reliance Intelligence as Wholly-Owned Subsidiary! 

Reliance Industries Share Price Performance

As of September 16, 2025, 11:09 AM, Reliance Industries share price was trading at ₹1,405.50, a 0.36% increase for the day.

Conclusion

Reliance’s ₹210 billion asset-backed securities issue is one of the largest completed in India this year. The deal shows rising issuance activity in the domestic securitisation market.

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