Reliance Industries Limited, led by billionaire and industrialist Mukesh Ambani, has raised Rs 3 billion dollars (approximately Rs 300 crores) from a consortium of 11 banks, as reported by The Economic Times.

India's largest company by revenue, has secured $3 billion in funding from a consortium of 11 banks, according to a report in The Economic Times. This marks the company's largest borrowing deal in nearly two years.

Reliance Industries has secured $3 billion in a loan deal from 11 banks. The five-year loan includes $450 million in yen and will be used to refinance loans due in 2025. Major banks involved include Bank of America,