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Reliance Industries Chairman Mukesh Ambani eyes on $2.5 Billion Investment from overseas to fund his Telecom, Retail Business !

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Reliance Industries Chairman Mukesh Ambani eyes on $2.5 Billion Investment from overseas to fund his Telecom, Retail Business !

Reliance Industries chairman Mukesh Ambani eyes on $2.5 Billion investment from overseas to fund his Telecom, Retail business !

Reliance Industries Chairman Mukesh Ambani eyes on $2.5 Billion Investment from overseas to fund his Telecom, Retail Business !





Reliance Industries Chairman Mukesh Ambhani is in talks with banks to fund his businesses like Telecom and Retail Chains. Reliance Industries chairman Mukesh Ambani is in talk with Overseas banks for  a sum of 2.5 Million Dollars,  This money will be used for expanding his Telecom and retail store businesses

Reliance Industries Limited

Reliance Industries is Negotiating with a dozen of banks  to avail the loan in single or multiple tranches as they are setting up their Optical Fiber network and starting more retail stores across the world, the loan is expected to have a tenure of 3 to 5 years

 

Mukesh Ambani in the announcement of JIO

The Reliance Industries may raise about 40,000 crore or $5.8 Billion from various loans reported by Bloomberg. As the Reliance Industries are expanding their network, their loans are also climbing up. As per the data shows of Bloomberg Their loans are tripled in the past five years, as it is borrowed to fuel about 3.3 lakh crores. The company Reliance industries has about 2.2 lakh crore borrowings which is due by 2022.

The Reliance Industries is having a BBB+ credit rating which is greater than India’s Sovereign rating,

Mukesh Ambani Chairman, Reliance Industries.

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