Tag Archives: Ambani

Reliance : the non debt company

India’s topmost leading company now become the debt free one in 2020. Mukesh Ambani stated with his heart full of happiness that he fulfilled his promise RIL shareholders by making Reliance net debt free before their original schedule of March 2021. Now Reliance industries become the India’s first company to hit 11 lake core market value.

Mukesh Ambani to become the 9th richest in the world that he overtakes Larry page – American computer scientist CEO of Alphabet Inc. Presently Mukesh Ambani value is 64.6 dollars. As per the data on April 10, 2020 mukesh Ambani is the richest businessman in India of networth 44.4 B. His net debt of 1.61 lakh crore and raised 1.75 lakh crore. Reliance industries will lift jio platforms and Reliance retail in 5 years.

The reliance group said that both are also unprecedented in the country’s corporate history, and that it is “even more remarkable that this was achieved amidst a global lockdown caused by the COVID-19 pandemic”. 

GOLDEN DECADE

“Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them, in fulfilment of the vision of our Founder, Dhirubhai Ambani, to consistently increase our contribution to India’s prosperity and inclusive development,” Mukesh Ambani said.

Reliance Industries sold a total 24.70 per cent stake in Jio Platforms in 11 deals for Rs 1,15,693.95 crore within nine weeks starting April 22. Facebook committed the biggest capital infusion of Rs 43,573.62 crore for a 9.99 per cent stake in Jio Platforms, which houses Reliance Industries’ telecoms arm Reliance Jio Infocomm. The internet major was followed by US-based private equity firms Vista and KKR, and Saudi Arabia’s Public Investment Fund, each of which took a 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.