{"id":354666,"date":"2020-06-01T10:45:26","date_gmt":"2020-06-01T05:15:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=354666"},"modified":"2020-06-01T10:58:22","modified_gmt":"2020-06-01T05:28:22","slug":"reliance-industries-to-be-debt-free-by-year-end","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-to-be-debt-free-by-year-end\/","title":{"rendered":"Reliance Industries to be debt-free by year-end"},"content":{"rendered":"<p>With plans to raise funds totalling \u20b91.62-lakh crore by December, billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) will emerge net-debt free by the end of this calendar year. This is much ahead of industry and analysts expectations of RIL being debt-free by March 2021.<\/p>\n<p>These fund-raising plans are based on equity partnership deals or through operating cash flowsand do not include the entire proceedings of the rights issue. The plans to become debt-free are not dependent on the timelines of the proposed Saudi Aramco deal, industry sources told BusinessLine. <\/p>\n<p>String of deals <\/p>\n<p>RIL intends to raise \u20b91,61,843-crore through a string of deals by December 2020, some of which have already been completed. The company\u2019s net debt stood at \u20b91,61,035 crore as of March 31, 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With plans to raise funds totalling \u20b91.62-lakh crore by December, billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) will emerge net-debt free by the end of this calendar year. This is much ahead of industry and analysts expectations of RIL being debt-free by March 2021. These fund-raising plans are based on equity partnership deals or through operating cash flowsand do not include the entire proceedings of the rights issue. The plans to become debt-free are not dependent on the timelines of the proposed Saudi Aramco deal, industry sources told BusinessLine. String of deals RIL intends to raise \u20b91,61,843-crore through a string [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,169],"tags":[],"class_list":["post-354666","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=354666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}