18 Jan, 2012
Anil Ambani knocks on China's doors yet again to borrow money for Reliance Comm
Reliance Communications yesterday said it will borrow $1.18 billion from Chinese lenders China Development Bank Corp, Export-Import Bank of China and Industrial & Commercial Bank of China. The proceeds will be used for Anil Ambani's mobile-phone operating company to redeem convertible debt maturing on March 1.
Source: BloombergUTV.com
Company:
REL COM LTD