Mukesh Ambani’s luxury real estate bet gets HSBC financing boost

HSBC has increased its loan arrangement to a subsidiary of Mukesh Ambani’s Reliance Industries, nearly doubling the size of the loan. The London-based bank initially provided a £60 million loan facility for Reliance’s acquisition of the Stoke Park estate in England. The loan arrangement has been extended three times, with the latest increase taking it to £115 million. HSBC has been involved in financing arrangements for Stoke Park for over a decade.