Reliance seeks $2.7 billion in forex loans to refinance debt
Reliance Industries is planning to raise $2.7 billion in forex debt this fiscal to refinance some of its existing high-cost debt. The Mukesh Ambani-led company had an outstanding debt of â¹2.42 lakh crore (over $35 billion) as of June, up 10.6% from the previous quarter. More than half of the company's debt is due for repayment by 2022.