Current Affairs - Business - Discussion

Reliance Industries is in talks with multiple banks to secure a $3 billion offshore loan, which marks the largest Indian deal. This loan is part of the company's efforts to refinance $2.9 billion of debt due next year, including interest. The loan is set to be syndicated in Q1 2025. Despite challenges such as rupee depreciation and ongoing outflows from Indian equities, the deal demonstrates strong investor interest in Reliance Industries and its financial strength following the $8 billion it raised in 2023.