Reliance Industries Ltd.

Reliance Industries’ telecom arm - Reliance Jio Infocomm (RJIL) is set to launch a $1.5-billion debt issue abroad. In this regard, Reliance Industries has appointed bankers for the issue and the funds will be used by Mukesh Ambani’s company to refinance its costly debt and to roll out telecom and data services.

Reliance Industries is aggressive in borrowing abroad for expansion and to pay off costly local loans.

Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.