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Reliance Pays Off Rs 1,400 Crore Loan To Icici

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BUSINESS STANDARD

In the biggest loan pre-payment deal with a domestic financial institution, the Reliance group has paid off Rs 1,400 crore to ICICI. The pre payment transaction was completed only a few days ago.

The loans were taken by various Reliance group companies including Reliance Industries and Reliance Petroleum among others to finance the group

 

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First Published: Oct 01 2001 | 12:00 AM IST

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