Jio Raises $2 Billion Offshore Loan
Reliance Jio Infocomm, a leading Indian telco has raised $2 billion in offshore loans. This is actually the largest loan in FY24 taken by an Indian company. Reliance Jio will use the loan amount to fund the recent 5G gear purchase from Finnish gear vendor Nokia. According to an ET report, the fund's lead arranger was HSBC. Further, as per the report, Finnvera is believed to have provided an insurance... Read More