Jio gets â¹3250cr Samurai loan, largest ever by an Asian firm
Mukesh Ambani-led Reliance Jio Infocomm has raised about â¹3,250 crore through a loan from Japanese banks, the largest Samurai loan (low interest loans from Japanese investors) for an Asian company. The facility is guaranteed by Reliance Industries and will be used for funding Jio's ongoing capital expenditure. Last month, Jio's board had approved raising of around â¹20,000 crore in debt.