Reliance Industries mentioned on Friday that it has raised greater than Rs 1,68,818 crore in 58 days. With these investments, the group mentioned it has turn into internet debt-free. Reliance Industries is now “in its golden decade”, mentioned billionaire Mukesh Ambani as his group grew to become internet debt-free, a lot forward of its unique objective of attaining the standing by the tip of March 2021. “I’ve fulfilled my promise to the shareholders by making Reliance internet debt-free a lot earlier than our unique schedule of 31st March 2021,” Mukesh Ambani mentioned in a press release launched early on Friday. The conglomerate’s internet debt had stood at Rs 1,61,035 crore as of March 31, 2020.
Right here is how Reliance Industries raised practically Rs 1.69 lakh crore in 58 days:
Reliance Industries shares jumped 1.68 per cent to scale a brand new document excessive of Rs 1,684 on Friday. The shares have damaged a slew of data previously few days, rising on the again of funding in Jio in addition to the success of the rights concern, say analysts. The RIL inventory is up 9.39 per cent thus far this 12 months, sharply outperforming the benchmark S&P BSE Sensex index which has fallen 17.08 per cent.