Reliance Industries Limited (RIL) is planning to raise $2.25 billion in a bid to replace its existing high-cost borrowings and to expand the services of its telecom unit, Reliance Jio Infocomm Limited (RJIL). RIL is planning to raise the money through external commercial borrowings. It is reportedly in talks with 10-12 investment bankers and is planning to start marketing roadshows in North America, Europe, the Middle East and Asia soon. Earlier, RIL raised Rs 0.3 trillion through rights issues in January and September 2016. Meanwhile, the company has recently announced plans for raising another Rs 0.3 trillion through a rights issue of optionally convertible preference shares for investing in RJIL.