Reliance lands India Inc's largest Samurai loan, fueling retail and Jio expansion war chest
RIL closed a record $625M Samurai loan alongside NEXI ($600M) and KSURE ($500M) facilities, paired with an S&P upgrade to A-. Cheaper yen-denominated capital lowers funding costs for Reliance Retail's store rollout, Jio's network buildout and clean-energy bets, with net debt held at ₹1.25 lakh crore.
Reliance Industries raised a record $625M Samurai loan plus NEXI and KSURE-backed facilities, with S&P upgrading it to A-. The cheaper overseas capital supports retail, telecom and clean-energy expansion, strengthening parent-level funding for its consumer businesses.