Career Move - Job
12/12/2024
Reliance Industries Limited (RIL), led by Chairman Mukesh Ambani, is in discussions with approximately six banks to secure a loan of up to $3 billion (around ₹25,500 crore) to refinance debt maturing in 2025. The company has about $2.9 billion in debt, including interest payments, due next year. 
This potential borrowing would mark RIL’s return to the offshore loan market since 2023, when it raised over $8 billion through facilities that attracted participation from about 55 lenders. 
Notably, RIL maintains a credit rating one notch above India’s sovereign grade, reflecting its strong creditworthiness. 
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