Reliance Petroleum's Triple Option Convertible Debenture Issue (A)

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Case

Reference no. 102-055-1

Subject category: Finance, Accounting and Control

Authors: Vivek Gupta (IBS Center for Management Research); V Shantanu Murthy (IBS Center for Management Research)

Published by: IBS Center for Management Research

Published in: 2002

Length: 8 pages

Data source: Published sources

Topics: Reliance petroleum; Triple option convertible debentures; Innovative financial instruments; Yield-to-maturity; Equity shares; Warrants; Convertible securities

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Abstract

This is the first of a two-case series The case analyses an innovative convertible security - Triple Option Convertible Debentures (TOCD) issued by Reliance Petroleum Limited (RPL) in September 1993 to finance its grass-root refinery project at Jamnagar in the state of Gujarat in India. It provides a detailed explanation of the financial instrument offered by RPL and analyses various options available to the investor on the basis of their yield-to-maturity. The case also provides a concept note highlighting the various methods of raising finance from public investors. The case is designed to help students critically analyse the various financial instruments, which can be issued to raise money from the public.