Mukesh Ambani's RIL becomes net debt-free company in lockdown

Investments by global tech investors and a 'Rights Issue' has made Reliance Industry a net debt-free company. In a statement, RIL Chairman Mukesh Ambani said, "I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021." Accordingly, RIL has raised over Rs 1,68,818 crore in just 58 days.