Mukesh Ambani's company took the biggest syndicated loan in corporate history: The deal with these banks

National Desk:
Reliance, the company of Asia's richest industrialist Mukesh Ambani, has raised a huge amount of money through syndicated loans.  In fact, Reliance Industries Limited and its telecom arm Jio Infocomm have raised a total of $5 billion in back-to-back foreign currency loans.  It is said to be the largest syndicated loan in Indian corporate history in the last five years.
According to the report, Reliance had raised $3 billion from 55 banks last week and now Reliance Jio Infocomm has again raised an additional $2 billion in debt.  According to reports, the $3 billion debt was taken out before March 31.  while $2 billion in debt was raised on Tuesday of the same week.  The US$2 billion of new debt has the same terms as those agreed with 55 lenders on 31 March .  Reliance Group is one of the most sought after credits from India.
The Reliance Group had borrowed $3 billion from 55 banks.  About two dozen Taiwanese banks have come forward for loans worth Rs 2 billion.  In addition, around 55 lenders including global giants such as Bank of America, HSBC, MUFG, Citi, SMBC, Mizuho and Credit Agricole had signed on US$3 billion in loans, they were included in two phases.