NEW DELHI: HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person.
The London-based bank originally provided a £60mil (US$73mil) loan facility to a subsidiary of Reliance Industries Ltd shortly after it acquired the Stoke Park estate in southeast England for £57mil in 2021, according to UK registry filings.
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