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Reliance Industries Ltd To Raise $1.75 Billion Syndicated Term Loan-Business Standard

Tuesday, 20 Aug 2013 02:44pm EDT 

Business Standard reported that Reliance Industries Ltd has signed an agreement with 19 banks to raise a INR1.75 billion syndicated term loan to finance its capital expenditure in India and new projects in its refining and petrochemical businesses. This comprises $1.2 billion to refinance the current outstanding multi-currency facilities and $550 million to fund new facilities. 

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