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RIL to raise $1 b syndicated loan


MUMBAI: Mukesh Ambani led-Reliance Industries is looking to raise $1-billion loan for investing in its oil and gas business by next month, for which it has mandated 17 global banks including Citigroup, HSBC, BNP Paribas. The proceeds would be used for capital expenditure for the oil and gas business or any other purpose.

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