Reliance Communication Ltd concluded $1 billion borrowing from international markets amid reports that it was in talks with global equity players to acquire Hutchison's stake in its Indian venture.
RCL, a company of the Anil Dhirubhai Ambani Group, has raised the five-year unsecured loan.
The deal was facilitated by ABN Amro, Standard Chartered and Citibank, banking sources said.
The proceeds of the transaction, the biggest in Indian telecom sector, would be used for 'general corporate purposes'.
