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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