ADAG to get China loans

10:22, December 16, 2010      

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India's Anil Dhirubhai Ambani Group (ADAG) will sew up about $3 billion in loans from Chinese banks as part of deals that will be signed during Premier Wen Jiabao's India visit, the Mint newspaper reported. Part of the money would be used to fund equipment purchases from Chinese companies by the Indian group's telecom and power units.

Source: Global Times
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