Reliance Industries Ltd’s (RIL’s) investment arm, Reliance Industrial Investments Holdings Ltd (RIIHL), may lend up to ₹ 750 crore to the Indian Film Combine Pvt. Ltd for corporate purposes, two people familiar with the development said. In February, RIIHL had acquired a 65% stake in Indian Film Combine for ₹ 1,105 crore. “This loan, however, could be disbursed in tranches,” said one of the two people, requesting anonymity.
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