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Excellent and good service sMUMBAI: Mukesh Ambani-controlled Reliance Industries is in talks with banks to raise up to $2.5 billion in loans from overseas market as it steps up pace of investments in telecom and retail businesses, four people familiar with the matter said.RIL is negotiating with more than a dozen banks to arrange the loan in single or multiple tranches as it rolls out fibre network and sets up more retail stores, said those people who did not want to be identified. This loan is to refinance existing offshore debt raised about two and a half years ago and would reduce average borrowing cost or extent maturities, said one of the persons cited above.The loans are expected to be priced between 100 and 125 basis points above Libor (London Interbank Offered Rate) with a likely tenor of 3-5 years.

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