Biggest Borrowing Of Year? Mukesh Ambani's Reliance Eyes Rs 25000 Crore Loan - Details, Purpose

Billionaire Mukesh Ambani -led Reliance Industries is in advanced discussions with about half a dozen banks for an offshore loan of up to Rs 25,441 crore ($3 billion), Bloomberg reported. If finalized, this would mark the largest offshore borrowing by an Indian entity in over a year.

Reliance in Talks for Rs 25,441 crore Loan
According to sources cited by Bloomberg, the loan, set to be syndicated to a broader market in the first quarter of  2025, will primarily refinance Reliance’s debt obligations due next year.

The company has approximately $2.9 billion (Rs 24,592 crore) in liabilities for 2025, including interest payments, Bloomberg News data revealed.

Returning to Offshore Markets
Reliance Industries last tapped the offshore market in 2023, when it raised over $8 billion (Rs 67,840 crore) across multiple loans—a record for any Indian borrower.

That deal involved Reliance’s parent company and subsidiary Reliance Jio Infocomm Ltd., drawing interest from around 55 global lenders, as mentioned in the report by Bloomberg. 
The latest borrowing initiative highlights Reliance's strong appeal in global credit markets, where it benefits from its robust credit profile.

As mentioned in the report by Bloomberg, Moody's recently reaffirmed the company's Baa2 rating, one notch above India’s sovereign grade, citing its “solidly positioned” credit metrics despite high capital expenditure.

Indian currency continues to weaken
Reliance’s move comes at a time when the Indian rupee continues to weaken, recently hitting a record low against the US dollar due to sustained outflows from local equities. This currency volatility adds a layer of complexity for Indian borrowers seeking offshore funding.

While the terms of the facility are still under negotiation, market observers see this loan as a testament to Reliance’s financial clout. A company spokesperson declined to comment on the matter, as stated in the report by Bloomberg. 

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