Tag: hsbc

MUMBAI: 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 £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings. It has since extended the arrangement three times, with the latest disclosed increase in December taking it to £115 million,...