Mukesh Ambani’s UK Real Estate Bet Gets HSBC Financing Boost
- London-based bank nearly doubles the size of its loan facility
- Ambani is conducting a major refurbishment of UK’s Stoke Park
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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.