Reliance Industries cleared its $21 billion debt in just 58 days—in the middle of the pandemic
Reliance Industries (RIL), owned by Asia's richest man Mukesh Ambani, has reduced its massive $ 21 billion (less than 161.035 billion rupees) in less than two months - in the middle of a global pandemic. At the company's Annual General Meeting in August last year, Ambani announced the goal of making RIL debt-free. Most of the money used to repay the debt came from the sale of shares in RIL's young telecommunications and Internet company Jio Platforms.
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