Reliance Retail aims to double borrowing cap to ₹1 lakh crore

Reliance Retail Ltd has sought shareholder approval to double its borrowing limit from Rs 50,000 crore to Rs one lakh crore, as it presses the pedal on future growth and expansion.

The company’s boorowings as on March 31,2022 stood at Rs 40,000 crore and the increase in the borrowing limit will give it the headway to raise upto Rs 60,000 crore as debt.