Mukesh Ambani’s Reliance plans $2 billion asset-backed securities deal

Reliance, led by Mukesh Ambani, plans to raise approximately 180 billion rupees ($2 billion) through asset-backed securities, potentially marking one of India’s largest deals this year. The securities, backed by loans from infrastructure and telecom divisions, will mature in three to five years and are being arranged by Barclays Plc.

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