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Home -> Finance -> Full Story

Reliance Infocomm signs $750 mn external loan deal
Saturday, December 25 2004 15:51 Hrs (IST) - World Time -

New Delhi: Reliance Infocomm today (Dec 25 2004) announced signing of a $750 million (about Rs 3,400 crore) loan agreement with a consortium led by US Export and Import (EXIM) bank.

Spotlight: Battle of Ambanis -- Will they stick or split?

Reliance Infocomm signed a deal with US Exim Bank, Export Development Canada, and Citigroup for financing facilities of $750 million for telecom projects in India. "This marks the closure of RIC's total debt financing of $2.2 billion (about Rs 10,000 crore)."

PTI



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