India: Reliance Industries looks to raise $1.85b from offshore lenders

India: Reliance Industries looks to raise $1.85b from offshore lenders

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Reliance Industries (RIL) has entered into agreements with offshore lenders for availing long term loans aggregating $1.85 billion, primarily for meeting a part of its planned capital expenditure, the company informed the BSE today.