close
Choose your channels
Telugu » 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 • Telugu Comments
Devan Karthik
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

SC Orders Independent Probe into Tirumala Laddu Fisco SC Orders Independent Probe into Tirumala Laddu Fisco
AP Dy CM Pawan Kalyan's Powerful Varahi Declaration AP Dy CM Pawan Kalyan's Powerful Varahi Declaration
GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad
Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision
TTD EO Shyamala Rao on the Laddoo Controversy TTD EO Shyamala Rao on the Laddoo Controversy
Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board
Shocking: Beef Fat in Tirupati Laddu Prasadam Shocking: Beef Fat in Tirupati Laddu Prasadam
Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future
Nara Lokesh fulfills first promise he made during Yuva Galam yatra Nara Lokesh fulfills first promise he made during Yuva Galam yatra
Cristiano Ronaldo breaches one million and continues his rampage Cristiano Ronaldo breaches one million and continues his rampage
Motorsport Leagues and Legends Motorsport Leagues and Legends
AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr