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Mukesh Ambani is going on a cash hunt in lockdown

Mukesh Ambani is going on a cash hunt in lockdown
Mukesh Ambani is going on a cash hunt in lockdown
Mukesh Ambani.

Synopsis

RIL is in talks with 10-15 foreign lenders to raise funds for its non-digital units.

Mumbai: Reliance Industries plans to raise as much as $1.5 billion (Rs 11,300 crore) in overseas loans to fund capital assets, said people with knowledge of the matter. This follows the recent Rs 61,000 crore of investment pledged in the conglomerate’s Jio Platforms unit by Facebook and others.RIL is in talks with 10-15 foreign lenders and the syndication process to raise funds that will be repayable in five years has begun, said the persons.
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