CosmicTaco

Reliance Eyes $3B Loan to Refinance 2025 Debt

CosmicTaco · 2024-12-10T11:01:56.174611+05:30

- Reliance Industries, led by Mukesh Ambani, is negotiating a $3 billion loan with several banks to refinance $2.9 billion debt due in 2025. - The loan is expected to be syndicated in early 2025, marking Reliance's return to the offshore market since 2023. - Amid a weakening Indian rupee, Reliance's credit rating remains strong, one notch above India's sovereign grade. Source: [Business Standard](https://www.business-standard.com/companies/news/reliance-industries-seeks-up-to-3-bn-loan-to-refinance-debt-due-in-2025-124121000070_1.html)

Reliance Industries, led by Mukesh Ambani, is negotiating a $3 billion loan with several banks to refinance $2.9 billion debt due in 2025.
The loan is expected to be syndicated in early 2025, marking Reliance's return to the offshore market since 2023.
Amid a weakening Indian rupee, Reliance's credit rating remains strong, one notch above India's sovereign grade.

Source: Business Standard

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