{"id":454487,"date":"2021-12-07T08:41:46","date_gmt":"2021-12-07T03:11:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454487"},"modified":"2021-12-07T09:20:45","modified_gmt":"2021-12-07T03:50:45","slug":"reliance-raises-736-mn-in-green-loan-to-fund-rec-solar-acquisition","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-raises-736-mn-in-green-loan-to-fund-rec-solar-acquisition\/","title":{"rendered":"Reliance raises $736 mn in green loan to fund REC Solar acquisition"},"content":{"rendered":"<p>Reliance Industries (RIL) on Monday has raised $736 million in green loan to fund the acquisition of solar panel maker, REC Solar Holdings. This will be first such financing for the Mukesh Ambani-owned company.<\/p>\n<p>REC Solar is the borrower while Reliance New Energy Solar is the guarantor, as per local media reports. <\/p>\n<p>The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility, media reports said.<\/p>\n<p>In October, Reliance announced its acquisition of 40 per cent stake in Sterling and Wilson Solar, a Shapoorji Pallonji group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) on Monday has raised $736 million in green loan to fund the acquisition of solar panel maker, REC Solar Holdings. This will be first such financing for the Mukesh Ambani-owned company. REC Solar is the borrower while Reliance New Energy Solar is the guarantor, as per local media reports. The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility, media reports said. In October, Reliance announced its acquisition of 40 per cent stake in Sterling and Wilson Solar, a Shapoorji Pallonji group.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-454487","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454487"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454487\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}