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.
Click to receive the most important news as a notification!
S&P 500 Price Forecast – Stock Market Slams Into Resistance Again
Ethereum Races Clock to Collect Enough Coins for Big Upgrade
Luxury fans in China chase neat shot of investment with vintage Moutai liquor
80 Holiday Desserts That Are Festive *and* Downright Delicious
Azerbaijani leader vows to revive region ceded by Armenia
Coinbase Will Suspend All Margin Trading Tomorrow, Citing CFTC Guidance