A subsidiary of Reliance Industries is reportedly in talks to secure a substantial offshore loan. Sources familiar with the matter disclosed that the company is aiming to borrow over $500 million through a 12 to 15-year loan from a consortium of foreign banks. This fundraising initiative is earmarked for Ethane Crystal LLC, a Reliance Ethane Holding Pte. subsidiary engaged in ethane transportation. Reliance Industries has been actively expanding its offshore borrowing, with this latest endeavor marking a significant step in its financial strategy. While the company remains tight-lipped about the development, industry observers are closely monitoring the deal's progression.