May 16, 2025 - Reliance Industries (RIL), led by Asia’s richest man Mukesh Ambani, has secured a USD 2.9 billion dual-currency offshore loan (Rs 24,795 crore). This is the largest overseas loan raised by any Indian company since 2023 and reflects robust lender confidence in a market starved for deals.

The deal was signed on May 9 and the loan has been extended by a syndicate of 55 international banks, making it the largest banking group in Asia this year for a syndicated loan.

The loan is divided into two parts. The first part amounts to USD 2.4 billion (Rs 20,520 crore) and is denominated in US dollars. The second part will be a 67.7 billion yen (approximately $462 million) tranche in Japanese yen.

Bloomberg data shows in 2025 RIL has repayments worth about $2.9 billion, including interest payments.

Source: Media Reports