close
Choose your channels
Home » Headline News » Reliance becomes debt-free after raising Rs 1.69 lakh crore in 2 months

Reliance becomes debt-free after raising Rs 1.69 lakh crore in 2 months

Friday, June 19, 2020 • Tamil Comments
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com

Reliance Industries Limited has become debt-free. It's perhaps the only corporate giant in India to be free from all debt.

"The giant has raised over Rs 1,68,818 crore in just 58 days through investments by global tech investors – Rs 115,693.95 crore and Rights Issue – Rs 53,124.20 crore. Thanks to this, it has become debt-free," ANI reported Friday.

The news agency quoted RIL as saying that Reliance's net-debt was Rs 161,035 crore on March 31.

After pulling off the feat, Mukesh Ambani said, "I have fulfilled my promise to shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021."

Thanks to its debt-free status, the shares of Reliance on Friday jumped 2%.

Follow us on Google News and stay updated with the latest!   

Comments

Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
settings
Login to post comment
Cancel
Comment

Headlines

Sivakarthikeyan has a strong interest in drama... The reason behind my success is Kamal... says Crazy Mohan. Sivakarthikeyan has a strong interest in drama... The reason behind my success is Kamal... says Crazy Mohan.
It was wrong for Savitri to love Gemini. Everyone has a dark side... says actor Rajesh. It was wrong for Savitri to love Gemini. Everyone has a dark side... says actor Rajesh.
In Andhra, Gemini was the villain, and there was emotional pain with her sister... Savitri's daughter Vijaya Chamundeswari. In Andhra, Gemini was the villain, and there was emotional pain with her sister... Savitri's daughter Vijaya Chamundeswari.
GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad
Looking at Crazy Mohan's dialogues, I developed an inferiority complex... explains Visu. Looking at Crazy Mohan's dialogues, I developed an inferiority complex... explains Visu.
Love letters in bundles... it was women who pursued him... - Kamala Selvaraj Love letters in bundles... it was women who pursued him... - Kamala Selvaraj
Why did you choose alcohol as your companion, Amma?... Jayachitra on Nadigaiyar Thilagam (Savitri) Why did you choose alcohol as your companion, Amma?... Jayachitra on Nadigaiyar Thilagam (Savitri)
The truth that Sowcar Janaki says: 'If a biopic of politicians is made, it will stink The truth that Sowcar Janaki says: 'If a biopic of politicians is made, it will stink
Essential Things to Know About Homam | Spiritual Speaker Vijaykumar Essential Things to Know About Homam | Spiritual Speaker Vijaykumar
The astrologer said that I will act till the end of my life... Vennira Aadai Moorthy The astrologer said that I will act till the end of my life... Vennira Aadai Moorthy
Vel Maaral Maha Mantra: The Power of Murugan and Its Transformative Effects on Your Life! Vel Maaral Maha Mantra: The Power of Murugan and Its Transformative Effects on Your Life!
Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision