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Reliance Comm gets second tranche of loan from China Bank

Reliance Communications has drawn Rs 1,780 crore in the second tranche of a loan from China Development Bank.

May 14, 2011 / 23:00 IST
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Moneycontrol Bureau

Reliance Communications has drawn Rs 1,780 crore in the second tranche of a loan from China Development Bank. This is part of the Rs 8,700 crore syndicated loan arrangement with the Chinese bank mainly to refinance the short-term debt the Anil Ambani group company took for acquiring third generation or 3G spectrum.

first published: May 12, 2011 12:18 pm

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