Jio to raise up to â¹14,000 crore to fund RCom deal: Reports
Reliance Jio will reportedly raise as much as $2.2 billion (almost â¹14,000 crore) in debt to fund the purchase of Reliance Communications' wireless assets. Jio will also receive funding from its parent Reliance Industries, reports said. In December, Jio agreed to purchase RCom's wireless assets that include 43,000 towers and fibre optic network for an undisclosed sum.