Business World

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 R eliance 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 th...