SOURCE: Industrial Info Resources

December 23, 2008 06:30 ET

Reliance Industries to Receive $400 Million From JPMorgan to Fund Expansion Plans, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Reliance Industries Limited (BSE:500325) (Mumbai), the flagship company of the Mukesh Ambani-led Reliance Group and India's largest private sector enterprise, has signed an agreement with JPMorgan Chase & Company (NYSE:JPM) (New York, New York) for a $400 million financing facility to fund the company's various expansion projects in India. JPMorgan, a leading global financial services firm, will act as the arranger, lender and facility agent for this deal. The Export-Import Bank (Exim), the official credit agency of U.S., will play the role of credit guarantor in this financing arrangement.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to businessfinanceandinvestments@industrialinfo.com or visit us online at www.industrialinfo.com.

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