 "Reliance Jio to raise $1.5 bn to refinance loans")
Reliance Jio Infocomm, the telecommunications arm of Reliance Industries Ltd, will raise $1.5 billion from 26 banks to refinance loans it took up in 2010, the company said in a statement late on Monday.
The refinancing comprises $1 billion with a total maturity of 5.5 years, and $500 million, with a total maturity of 7 years, the company said.
In September, Reliance Jio had said it had raised a $750 million loan from Korea Exim Bank to finance the purchase of telecoms infrastructure from Samsung Electronics.
Reliance has said it will invest over $11 billion for its 4G telecoms service as the business beefs up infrastructure ahead of a nationwide rollout next year.
Reuters
Disclosure: Network 18, which publishes Firstpost and Firstbiz, is part of the Reliance Group
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
