RIL becomes net debt free, courtesy Jio Platforms fund raise, rights issue: Mukesh Ambani

NEW DELHI: Reliance Industries Limited on Friday said that it has become net debt free with the help of investment in Jio Platforms and the recent rights issue.

“I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,” Mukesh Ambani, chairman, Reliance Industries said.

“Over the past few weeks, we have been overwhelmed by the phenomenal interest of the global financial investor community in partnering with Jio. As our fund-raising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms. I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue,” he added.