Reliance Industries Limited (RIL) is looking to raise Rs 2,500 crore by issuing bonds in the next few days, reported Business Standard.

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According to the report, the fund raised will be used to repay old loans and fund capital expenditure (capex).

RIL, as per the report, has also initiated talks with banks to raise funds both in India and abroad for its proposed $10 billion oil refinery in Gujarat.

Lenders told the newspaper that RIL has already raised over Rs 21,000 crore through rupee bonds in the financial year in addition to the Rs 25,165 crore raised in the previous fiscal.

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Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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First Published:Jan 17, 2019 11:25 AM IST