 "RIL is valued at $91 billion (Rs 6 lakh crore)")
Reliance Industries gained over 2% on Tuesday and was the top index gainer after the company hit the overseas debt market with a $800-million bond sale programne as it seeks to pare a portion of its high cost debt that stands at over Rs 2.14 lakh crore.
The stock rose as much as 2.26% to Rs 939 on the BSE.
The development came after Moody’s upgraded India’s sovereign rating last week from the lowest investment grade Baa3 to a notch higher at Baa2.
Meanwhile, rating agency Moody's on Monday signed a Baa2 rating to the proposed unsecured bond sale by RIL, reported PTI.
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