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Reliance raises $736 mn in green loan to fund REC Solar acquisition

The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility

Topics
Reliance Industries | Green bonds | Reliance Energy

Dev Chatterjee  |  Mumbai 



Reliance Industries
Reliance Industries

(RIL) on Monday has raised $736 million in green loan to fund the acquisition of solar panel maker, REC Solar Holdings. This will be first such financing for the Mukesh Ambani-owned company.

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First Published: Tue, December 07 2021. 02:29 IST

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