The Aramco deal is off \u2014 at least for now. <\/p>\n
Mukesh Ambani, the sixth richest man in the world, has seen everything go swimmingly well at a time every other industrialist has moaned about how the dreadful pandemic has gutted their businesses. <\/p>\n
Ambani has left everyone gobsmacked by the astonishing ease with which he has sewn up a string of transactions in Jio Platforms and then topped that with a blowout rights issue, enabling him to raise an eye-popping Rs 2.12 lakh crore and turn the company into a net debt-free entity. <\/p>\n
But there is a wrinkle in the fabric.<\/p>\n
The tycoon hasn\u2019t been able to close the one deal that he has doggedly chased for the greater part of the past year:<\/p>\n","protected":false},"excerpt":{"rendered":"
The Aramco deal is off \u2014 at least for now. Mukesh Ambani, the sixth richest man in the world, has seen everything go swimmingly well at a time every other industrialist has moaned about how the dreadful pandemic has gutted their businesses. Ambani has left everyone gobsmacked by the astonishing ease with which he has sewn up a string of transactions in Jio Platforms and then topped that with a blowout rights issue, enabling him to raise an eye-popping Rs 2.12 lakh crore and turn the company into a net debt-free entity. But there is a wrinkle in the fabric. […]<\/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":[130,215,148],"tags":[],"class_list":["post-363134","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363134","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=363134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}