Business

Rel Jio’s deal with Japan banks; to raise over Rs 3000 crores

at exchange rate of 60 paise per Japanese yen with which the loan value comes to around Rs 3,248 crore

The telecom giant Reliance Jio is now known to have signed on an agreement to raise about Rs 3,250 crore as samurai term loan from Japan-based banks.

This will provided at exchange rate of 60 paise per Japanese yen with which the loan value comes to around Rs 3,248 crore.

It need be mentioned that the company has invested over Rs 2 lakh crore in the mobile business which has garnered over 168 million customers.

The 4G mobile service provider RJIL said that the network of the company is future ready and can be easily upgraded to support even more data as technologies advance on to 5G and beyond.

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