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At least 10 more lenders are set to join the third leg of the syndication of $3 billion loans to Reliance Industries Ltd and Reliance Jio Infocomm, in what is turning out to be one of the most sought-after credit deals out of India in recent times.
The Indian government and the regulators have played a significant role in the development of the digital ecosystem, but there is a recognition that the private sector is crucial to ensure a strong structure for the platforms that have been created, said MasterCard chief executive officer Michael Miebach.
Canadian investor Brookfield is in advanced discussions to invest up to $1 billion through multiple tranches in Avaada Ventures Pvt Ltd (AVPL), parent entity of Avaada Group.
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