Resource detail
Title: Reliance signs $736 million green loan to fund REC Solar acquisition
Source:The Economic Times
Date:6 December 2021
Reliance Industries is understood to have raised $736 million through a green loan facility to finance the Mukesh Ambani-controlled firm’s acquisition of Norwegian solar panel manufacturer REC Solar Holdings in what could be the first such M&A financing from an Indian firm. Australia and New Zealand Banking Group, DBS Bank, Credit Agricole, HSBC and MUFG were among the bankers to this rare facility, which is being used for acquisition financing for the first time.
Read more
