Mukesh Ambani’s Reliance Secures $2.9 Billion Loan – Largest Offshore Deal By An Indian Firm Since 2023
Reliance Raises 2.9 Billion From 55 Global BanksReliance Industries chairman Mukesh Ambani has secured a dual-currency borrowing of $2.9 billion-equivalent, a Bloomberg report said. This stands as the largest offshore loan raised by an Indian company in over a year. The agreement was signed on May 9. The loan has been divided into two parts: $2.4 billion tranche in US dollars and a 67.7 billion yen (approximately $462 million) tranche in Japanese yen.About 55 banks have joined the syndicated loan facility for Reliance Industries, making it the largest such bank...