RIL at new record high

about 13 days ago
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Reliance Industries hit an all-time high at Rs.1689 and it continues to trade currently well over Rs.1681 levels.

Its market cap today stands at an overwhelming Rs.10,66,224 crore.

The market is thrilled as today morning, Mukesh Ambani announced, “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021.”

The company has raised over Rs.168,818 crore in just 58 days through:

1. Investments by global tech investors – Rs.115,693.95 crore

2. Rights Issue – Rs.53,124.20 crore

Its net-debt was Rs.161,035 crore, as on 31st March 2020. With these investments, RIL has now become net debt free.

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