Reliance Industries Limited secured $2.1 bn loan from Export-Import Bank of the United States, which includes $1.06 bn direct loan and to guarantee a $1.06 bn JPMorgan Chase loan to the company.
The funds will be used to finance goods and services procured from exporters and suppliers in the US as part of Reliance's expansion projects at Jamnagar, BSE filing stated.
The transaction is the single largest Exim Bank has ever authorized for Reliance, and it represents Reliance's first attempt at funding through the capital markets with an Ex-Im Bank guaranteed bond issuance.
Eredene Capital has signed an indicative term sheet to sell its stakes in Gopi Resorts Pvt Ltd and Matheran Realty Pvt Ltd. It is selling its stake for a single up-front payment of £7.2 Mn (R62.5 Cr) in both the firms, BL stated.
Goa based Vedanta Limited, is going to acquire up to 5.33% stake in oil and gas exploration company Cairn India for over R2,200 Cr . It will acquire 100 Mn shares from Twin Star Mauritius Holdings on June 3, 2015 or within a period of 90 days at R220.40 per share.