NEW DELHI : After record fundraising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm’s chairman and managing director Mukesh Ambani.
In the company’s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms — the unit that houses its telecom and digital business — and retail arm for almost ₹2 lakh crore and raised another ₹53,124 crore through rights issue.
“We now have a strong balance sheet with high liquidity that will support growth plans for our three hyper-growth engines — Jio, Retail and O2C,” he said.
