RIL Board okays raising USD 2 bn syndicated loan

Mumbai, Nov 9 (UNI) The Board of Reliance Industries Ltd (RIL) at its meeting held today approved the raising of USD two billion by way of Syndicated Loan.

Informing this, a RIL press release said the syndicated loan is subject to approvals as required and the company is still to work out the modalities of raising this loans either through issue of Bonds - Fixed or Floating, or Foreign Currency Convertible Bonds or any combination thereof.

UNI SN MJ AG1904