ADVERTISEMENT
The Real Impact Of Ambani’s Mammoth Fundraise On RIL’s Balance Sheet
Rights issue proceeds will fully flow in by November next year.
22 Jun 2020, 12:55 PM IST
Reliance Industries Ltd. has sold stake worth more than $15 billion in its digital and telecom unit and raised funds from shareholders, keeping Mukesh Ambani’s promise of making the telecom-to-energy company debt-free this year. At least, technically. Its actual impact on the balance sheet, however, will be visible by next fiscal.The fundraising blitz came about after RIL completed its capex on its telecom infrastructure and upgradin...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT