Reliance Jio to raise up to $2.2b debt to fund RCom’s wireless assets deal

FILE PHOTO: A general view of Reliance Jio headquarters is seen on the outskirts of Mumbai, India, June 1, 2016. REUTERS/Clara Ferreira Marques/File Photo

Reliance Jio Infocomm Ltd will raise as much as $2.2 billion in foreign currency debt to fund the purchase of Reliance Communications Ltd (RCom)’s wireless assets, according to two people directly aware of the company’s discussions with lenders.

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