Login To Trade  |  About IIFL
  • NIFTY  8001.95  53 0.67%
  • SENSEX 26392.38  161.19 0.61%
  1. General
  2. Others

  3. Others

Ambani brothers on expansion mode

India Infoline News Service | Mumbai | December 27, 2012 09:57 IST

Reliance Group chairman Anil Ambani has reportedly found Chinese banks to refinance debts and raise fresh loans for its communications and power business, while Mukesh Ambani's firm Reliance Industries (RIL) is planning to raise $1 bn.

Reliance Group chairman Anil Ambani has reportedly found Chinese banks to refinance debts and raise fresh loans for its communications and power business, while his elder brother Mukesh Ambani's firm Reliance Industries (RIL) is planning to raise $1 bn, after securing $2.1 bn credit from US EXIM early this month

RIL is in talks with Korea Trade Investment Corporation or K-Sure and French export credit agency Coface SA to raise $500 mn loan guarantee from each, according to reports.

Reports also said that Anil Ambani's Reliance Group has drawn $1.1 bn and $1.2 bn from Chinese banks for its power and communications business as part of $10 bn deal with the Chinese lenders

While Mukesh Ambani's Reliance Industries has plans to invest US$10 bn on 4G network of its subsidiary Infotel Broadband (IBSL), one of its vendors 'Spirit DSP' said

BSE 871.20 1.65 (0.19%)
NSE 872.40 3.25 (0.37%)

***Note: This is a NSE Chart


Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!

article
113110709381
Ambani brothers on expansion mode
Ambani brothers on expansion mode
Reliance Group chairman Anil Ambani has reportedly found Chinese banks to refinance debts and raise fresh loans for its communications and power business, while Mukesh Ambani's firm Reliance Industries (RIL) is planning to raise $1 bn.
http://www.indiainfoline.com/article/news-top-story/ambani-brothers-on-expansion-mode-113110709381_1.html
December 27, 2012 09:57 IST
http://content.indiainfoline.com/_media/iifl/img/article/old/full/999077821_LS_Anil_Mukesh-3
Reliance Group, Anil Ambani, Reliance Industries , Mukesh Ambani
Others
$rawVideoFileUrl$
$videoPlayerUrl$
News
Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.