RIL becomes net debt-free company
Investments by global tech investors and 'Rights Issue' has made Reliance Industries Ltd (RIL) a net debt-free company.
by IANS | Updated Jun 19, 2020
Accordingly, RIL has raised over Rs 168,818 crore in just 58 days.
"The combined capital raised has no precedence globally in such a short time. Both of these are also unprecedented in Indian corporate history and have set new benchmarks,"
"This is even more remarkable that this was achieved amid a global lockdown caused by the COVID-19 pandemic."
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media
Related Articles
- Govt scales down disinvestment target to Rs 51,000 crore for 2023-24 in Bbudget
- Adani Enterprises calls off Rs 20K cr FPO, to return money to investors
- Move to new tax regime stokes concern over investments in insurance, mutual funds
- To discourage cheap imports from China, Customs duty on imitation jewellery hiked to 25%
- Chip-maker Intel to layoff about 340 employees at California campus
- Samsung's Q4 profit drops 69% on sluggish demand, lowest since 2014
- Indian economy remains a 'bright spot' per IMF
- SC upholds NCLAT order on dues of Jet Airways' former employees
- ITC commences Rs 450 cr food manufacturing facility in Telangana
- Govt progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Gadkari