Reliance Industries Ltd said it plans to increase debt in $ 5 billion in dollar denomination debt and use results mainly to refinance existing loans.

The TELE-TO-TELECOMS Mukesh Mukesh conglomerate said that the proposal for fixed tariff records, which can be issued in one or more stages, was approved by the board at a meeting on Saturday.

While the company did not provide more details about the use of results, the Economic Times newspaper said the previous debt re-financing was used from international investors, with a bundle of loans that would mature in the next three to four months.

The newspaper said the offer would be the largest offshore maintenance by Indian borrowers in one road, adding that the move would be neutral debt to the company.