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RIL Gets $2.9 Billion in India's Biggest Loan Since 2023
Financial Express Lucknow
|May 16, 2025
RELIANCE INDUSTRIES (RIL) HAS secured a dual-currency loan worth $2.9 billion, according to sources. It is the largest offshore loan raised by an Indian company in over a year.
The loan agreement was signed last week and will see participation of 55 banks, making it the largest bank group for a syndicated loan in Asia so far this year.
The loan is split into two parts: a $2.4-billion tranche in US dollars and a second tranche in Japanese yen valued at 67.7 billion yen ($462 million).
This transaction has pushed foreign currency loan volumes raised by Indian companies to around $10.4 billion so far in 2025—the quickest year-to-date pace in at least a decade, Bloomberg data showed.
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