BUSINESS STANDARD
Reliance Industries, owned by billionaire Mukesh Ambani, has secured a dual-currency loan worth the equivalent of $2.9 billion, according to a report by Bloomberg. This marks the largest offshore loan raised by an Indian company in over a year. The facility agreement was signed on May 9, 2025.
The loan is split into two parts: a $2.4 billion tranche in US dollars and a 67.7 billion yen (approximately $462 million) tranche in Japanese yen.
About 55 banks participated in the deal, making it the largest bank group for a syndicated loan in Asia so far this year.
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