RIL raises $1 billion loan from various banks
Moneylife Digital Team 26 August 2010

New Delhi: The country's most valued firm Reliance Industries (RIL) has raised a loan worth $1 billion (about Rs4,700 crore) from various banks, reports PTI.

According to market sources, Mukesh Ambani-led Reliance Industries has raised term loans worth $1 billion from as many as 31 banks.

However, it could not be ascertained for what purposes the loan would be utilised by the company.

When contacted, a Reliance Industries spokesperson declined to comment.

The banks that were involved in arranging the loan include Barclays Plc, Citigroup Inc, DBS Group Holdings and Standard Chartered Plc.

Comments
Free Helpline
Legal Credit
Feedback