Posted inIndia, South Asia

India’s Reliance to borrow US$2.5 billion to refinance debt

In order to boost its investment in telecom and retail units, India’s Reliance Industries is in talks with banks to raise up to US$2.5 billion in loans from overseas markets. Owned by India’s richest man Mukesh Ambani, Reliance is negotiating with more than a dozen banks to arrange the loans in single or multiple tranches […]

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