Reliance Industries in discussions with banks for 5 year loan of US$2 bln to refinance its debt

08-Apr-13
Reliance Industries Ltd is holding discussions with banks for a five-year loan of about $2 billion to refinance its debt, as per The Economic Times. In 2012, RIL- the world's largest petrochemical-cum-refining complex owner, had borrowed an unprecedented US$5.8 bln from foreign markets. As on Dec 31, 2012, the outstanding debt of the company was Rs 722.66 billion as against Rs 682.59 billion in the year-ago period. The company's cash and cash equivalents, however, stood at Rs 809.62 billion as on Dec 31.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha