Mumbai: Reliance Industries of Mukesh Ambani, the richest businessman of the country, has now become a debt-free company. The great thing is that the company has achieved this target almost 9 months before the deadline. Mukesh Ambani, head of Reliance Industries, said that after collecting a record 1.69 lakh crore rupees from the rights issue and global investors in the last two months, the net debt of the company has come down to zero. Mukesh Ambani has said that "I have fulfilled the promise made to the shareholders of the company. The net debt of Reliance has fallen to zero long before the due date of March 31, 2021. ''

Mukesh Ambani has said that in the last 58 days, Reliance Industries has raised Rs 1.15 lakh crore from global investors. The company has raised this amount by selling a stake in its Jio Platforms Limited. At the same time, Reliance Industries has collected 53,124.20 crores by issuing rights issue. According to a statement issued by Reliance Industries, last year, the company raised a total of Rs 1.75 lakh crore from the sale of 49 per cent stake in the fuel business to UK BP for Rs 7,000 crore and recently received investment.  Reliance had a loan of Rs 1,61,035 crore at the end of 31 March 2020. The company had a target to repay by 31 March 2021.

Many international companies have invested in telecom company Reliance Jio. Companies investing in JIO include Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, El Catterton and PIF.

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