Reliance Jio raises $1b term loan from Korea Trade Insurance

Reliance Jio. Photo: Livemint

Reliance Jio (RJio), the telecommunications arm of Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has raised a $1 billion equivalent term loan facility from Korea Trade Insurance Corp. (K-SURE) to finance the procurement of goods and services from Samsung Electronics and Ace Technologies, the company said in a stock exchange filing on Monday.

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