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Inc42 Shots | Mukesh Ambani Makes Reliance Net Debt-Free Ahead Of Its March 2021 Target

India’s most valuable company Reliance Industries Limited has managed to become net debt-free almost nine months ahead of its set target, thanks to the INR 168,818 Cr fundraising in the last eight weeks.

The Mukesh Ambani-led company has raised INR 1.15 Lakh Cr from global tech investors like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority, L Catterton and Public Investment Fund by selling less than a quarter of its digital arm Jio Platforms.

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