Infographic: How Jio made Reliance net-debt free
Global investors have pumped in Rs 1.16 lakh crore in Jio Platforms over the past nine weeks. Here's how the budding digital subsidiary of Reliance Industries helped the biggest Indian conglomerate become net-debt free
- Jun 23, 2020,
- Updated Jun 23, 2020 1:09 AM IST
Jio Platforms has the investors' attention; investments worth Rs 1,15,694 crore in mere 9 weeks even as the world remains at a standstill is a testament to that. And this has helped Reliance Industries become net-debt zero, as claimed by Chairman Mukesh Ambani, eight months before the March 2021 deadline. Here's a look at how Jio Platforms helped Reliance Industries achieve this mileston:
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Jio Platforms has the investors' attention; investments worth Rs 1,15,694 crore in mere 9 weeks even as the world remains at a standstill is a testament to that. And this has helped Reliance Industries become net-debt zero, as claimed by Chairman Mukesh Ambani, eight months before the March 2021 deadline. Here's a look at how Jio Platforms helped Reliance Industries achieve this mileston:
ALSO READ: RIL share price hits historic high of Rs 1,800; is there more steam left in the rally?
ALSO READ: Jio's golden touch makes Reliance Industries share rise 108% in 3 months
ALSO READ: RIL's market cap rises to a record 8.53% of market value of NSE firms