India’s Reliance Industries seeks up to $3B loan for debt refinancing: Bloomberg
Microsoft CEO Satya Nadella with Mukesh Ambani during the Microsoft Future Decoded Summit on February 24, 2020 in Mumbai, India. Sketched by the Pan Pacific Agency.
NEW DELHI, Dec 10, 2024, CNBC. India’s Reliance Industries, owned by billionaire Mukesh Ambani, is reportedly in talks with banks concerning a loan of as much as $3 billion to refinance debt that is due next year, CNBC reported.
Citing sources familiar with the matter, Bloomberg reported Tuesday that about six banks are discussing the loan, which would be syndicated to the wider market in the first three month of next year.
The terms of the loan are yet to be finalized and are subject to change, the report added.
The Indian multinational conglomerate has around $2.9 billion of debt due in 2025, including interest payments, as per data compiled by Bloomberg News.
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