Image Source: Adage India

Reliance Industries Ltd. is all set to tap into the foreign debt market to raise USD 2.7 bn to refinance its high cost debt. One of the biggest forex loan borrowers in the country, Reliance’s outstanding debt has been rising rapidly as its full-fledged telecom business keeps on draining cash. “We are planning to raise USD 2.7 billion in forex debt through the course of the fiscal 2019. The money will be raised in multiple tranches and will be used to refinance some of our existing high cost forex debt,” said a senior official at Reliance Industries refusing to reveal any more information.

Source: The Economic Times

📢 Hungry for more deals? Visit CashKaro stores for best cashback deals & online products to save up to ₹15,000 per month. Download the app - Android & iOS to get free ₹25 bonus Cashback!
Previous articleHere Is Why Pregnant Women Love Walnuts
Next articleAn #OutOfTheWorld creative by Jabong | CashKaro News Network


Please enter your comment!
Please enter your name here

16 − 4 =