Reliance Jio Infocomm is planning to raise Rs 9000 crores in the overseas market to take advantage of lower interest rates. Recently Tata Steel raised Rs 6000 crores overseas.
The funds so raised will be used to retire its costly debt and to roll out telecom and data services. Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high
The funds so raised will be used to retire its costly debt and to roll out telecom and data services. Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high
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