Reliance Industries in its Golden decade : Company becomes Net Debt Free

Reliance Industries becomes Net Debt Free It's market value tops ₹ 11 lakh crore Raised more than ₹ 1,68,818 crore in 58 days Reliance Industries becomes Net Debt Free, months ahead of its target of March 2021. The market value of Reliance Industries topped the ₹ 11 lakh crore mark for the first time ever. Reliance Industries has raised more than ₹1,68,818 crore in 58 days through stake sales in Jio Platforms and through the rights issue. From the 11 deals of ₹ 1,15,693.95 crore, Reliance Industries sold a total of 24.70 % stake in the company ( Jio Platforms ). Chairman and Managing Director, Mukesh Ambani said - Realiance Industries is now "in its Golden decade" as his group achieved the goal of becoming net debt free many months ahead of the targeted March 2021. Reliance Industries's Rights Issue was subscribed 1.59 times, which the company said that it was not only the largest ever in India, but also the largest in the world by a non-financial entity in the last ten years.

Reliance Industries Chairman and Managing Director, Mukesh Ambani with his wife Nita Ambani and son Akash Ambani

Highlights :

Reliance Industries becomes Net Debt Free
It's market value tops ₹ 11 lakh crore
Raised more than ₹ 1,68,818 crore in 58 days

Reliance Industries becomes Net Debt Free, months ahead of its target of March 2021.

The market value of Reliance Industries topped the ₹ 11 lakh crore mark for the first time ever.

Reliance Industries has raised more than ₹1,68,818 crore in 58 days through stake sales in Jio Platforms and through the rights issue.

From the 11 deals of ₹ 1,15,693.95 crore, Reliance Industries sold a total of 24.70 % stake in the company ( Jio Platforms ).

Chairman and Managing Director, Mukesh Ambani said - Realiance Industries is now "in its Golden decade" as his group achieved the goal of becoming net debt free many months ahead of the targeted March 2021.

Reliance Industries's Rights Issue was subscribed 1.59 times, which the company said that it was not only the largest ever in India, but also the largest in the world by a non-financial entity in the last ten years.

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