Reliance Jio in talks with global lenders to raise $1.5 billion - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Reliance Jio in talks with global lenders to raise $1.5 billion

The latest fundraising is in addition to a $2.5-billion (Rs 20,600 crore) offshore syndicated loan for which the telecom arm of Mukesh Ambani-owned Reliance Industries (RIL) is in talks with overseas lenders, as ET reported on October 10. This will be used for 5G network gear purchases from Sweden’s Ericsson and Finland’s Nokia.

from Stocks-Markets-Economic Times
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