Reliance Industries Secures $2.9 Billion Loan in Significant Global Banking Transaction

According to the Bloomberg report, Reliance Industries, led by billionaire Mukesh Ambani, has secured a $2.9 billion dual-currency offshore loan, marking the largest such deal by an Indian firm in over a year. Signed on 9 May 2025, the loan comprises a $2.4 billion tranche in US dollars and a 67.7 billion yen tranche (around $462 million) in Japanese yen. The transaction drew participation from approximately 55 banks, making it the largest syndicated loan arrangement in Asia so far this year.

Asia’s Biggest Syndicated Loan 

This loan has also contributed to India’s offshore borrowing surging to $10.4 billion in 2025 so far, the fastest year-to-date pace in at least a decade. In contrast, syndicated lending in the broader Asia-Pacific region (excluding Japan) has fallen to a two-decade low of $29 billion in G3 currencies, making India a clear outlier in terms of financial momentum.

Reliance’s Growth Strategy 

The loan aligns with Reliance’s continued investment push across core and emerging sectors. At the company’s annual general meeting in August 2024, Mukesh Ambani said, “We aim to be among the top 30 most valuable companies in the world. We are currently in the top 50,” citing the group’s growing focus on deep technology and advanced manufacturing.

Reliance is also scaling up its New Energy division, projecting it to match the size and profitability of its traditional oil-to-chemicals (O2C) business within five to seven years. Investments include 55 compressed biogas plants by 2025, a pilot energy plantation project, and expanded capacities in PVC, CPVC, and speciality polyester by 2026-27.

In 2023, Reliance last accessed offshore loan markets, securing over $8 billion via borrowings by its parent company and subsidiary, Reliance Jio Infocomm. Similar to the present transaction, the previous fundraising also involved roughly 55 banks.

Read More: Reliance Share Price Hits 4-Month High.

Reliance Industries Share Performance 

As of May 15, 2025, at 1:10 PM, Reliance Industries share price is trading at ₹1,431.60 per share, a surge of 0.53% from the previous closing price. Over the past month, the stock has surged by 15.47%

Conclusion

Reliance Industries’ latest offshore loan not only cements its position as a financial powerhouse but also supports its strategic vision for innovation and sustainability. As global lending tightens, Reliance continues to attract significant capital, reinforcing its role in India’s industrial transformation.

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