Reliance Industries raises $1.85 billion

Reliance Industries Ltd on Tuesday said it has signed agreements with offshore lenders to borrow long-term loans aggregating $1.85 billion (about ₹12,900 crore) to help fund a part of its planned capital expenditure. The oil-to-telecom conglomerate owned by Mukesh Ambani did not disclose details of the lenders, the tenure of the loan and the interest rate in a filing to the BSE.