Jio Financial Services, on Tuesday, clarified that it does not plan to raise money by issuing bonds.
In a regulatory filing, the company termed media reports in this regard as "speculative".
"We wish to clarify that currently, the company has no plans to raise money by way of bond issuance or otherwise. The news item is speculative," the company said in a statement.
A Reuters report had recently said Jio Financial Services, which was carved out of Reliance Industries and listed on the stock exchanges in August, is in early talks with merchant bankers for the issuance of bonds.
The report had said the company aims to raise ₹5,000 crore to ₹10,000 crore from the issuance of bonds.
"Earlier this month, Reliance Industries raised 200 billion rupees via 10-year bonds in the largest issue by a non-financial Indian firm, paying 40 basis points more than the government's borrowing cost. Ahead of the bond issue, bankers have recommended that Jio Financial issue shorter-term commercial papers and put bank borrowing lines in places to establish pricing," Reuters had quoted two bankers as saying.