The people further said that terms of lending with which Reliance is planning to settle the dues have not been finalized yet and could be subject to changes. Reliance Industries has approximately $2.9 billion worth of debt,

The loan, which is anticipated to be syndicated to a wider market in early 2025, is currently being discussed by RIL with roughly six lenders.

The government has removed the windfall tax on Aviation Turbine Fuel (ATF), crude products, petrol, and diesel products. This move will provide relief to oil companies such as Reliance Industries.

Mukesh Ambani's Reliance Industries is reportedly in talks with banks for a $3 billion loan to refinance $2.9 billion debt due in 2025. The move follows Reliance’s $8 billion offshore borrowing in 2023.

The state CM said that he recently met Reliance Industries chairman Ambani in Mumbai and discussed the investment possibilities.

If the borrowing goes through, it would mark Reliance Industries’ return to the offshore market since 2023, when the group raised over $8 billion of loans. Those facilities, which were for the parent and subsidiary Reliance Jio Infocomm Ltd.

Reliance Industries is seeking up to $3 billion in loans for refinancing as it aims to manage its debt obligations effectively. Read to know more!

Mukesh Ambani-led Reliance Industries Limited (RIL) is seeking a loan worth as much as $3 billion (approx. ₹25,500 crore) and is in talks with banks for what would potentially be the largest offshore loan from India in over a year,