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Mukesh Ambani's Reliance secures $2.9 bn loan in major global banking deal

15 May 2025 Zinkpot 1755

 

BUSINESS STANDARD 

SUMMARY

 

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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