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RIL seeks $3 billion in biggest India loan in a year
Mint Mumbai
|December 11, 2024
Billionaire Mukesh Ambani-owned Reliance Industries is in talks with banks for a borrowing of as much as $3 billion, in what could potentially be the largest offshore loan from India in over a year.
About half a dozen banks are in discussions with the Indian conglomerate for the loan, which would be syndicated to a wider market in the first quarter of 2025, the people said, who asked not to be named as discussions are private. Terms for the facility, which will refinance debt due next year, have not been finalized yet and could be subject to changes, the people added.
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