Last month, the Reliance Jio board had approved raising of around Rs20,000 crore in debt. Photo: MintNew Delhi: Reliance Jio Infocomm Ltd, the telecom unit of Reliance Industries Ltd, said it has raised $498.5 million (about Rs 3,250 crore) through a loan from Japanese banks. “Reliance Jio Infocomm Limited has signed an approximately JPY 53.5 billion samurai term loan with 7 year bullet maturity. This deal represents the largest samurai loan (low interest loans from Japanese investors) for an Asian corporate, the statement said. Last month, the Reliance Jio board had approved raising of around Rs20,000 crore in debt.

Source: Mint April 14, 2018 04:52 UTC