Reliance Industries on course to mop up USD 5 billion
Barely days after signing a $3 billion financing in India’s most widely syndicated loan, Reliance Industries Ltd and its unit Reliance Jio Infocomm have raised $2 billion add-on foreign currency facility at most competitive rates, sources said.
The $3 billion financing closed on March 31 and the add-on $2 billion thereafter. The fund raising is the largest through syndicated term loans by an Indian corporate house in at least five years, banking sources involved in the deal said.
