{"id":418347,"date":"2021-06-03T08:45:02","date_gmt":"2021-06-03T03:15:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418347"},"modified":"2021-06-03T09:40:04","modified_gmt":"2021-06-03T04:10:04","slug":"mukesh-ambani-says-reliance-now-has-strong-balance-sheet-to-support-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambani-says-reliance-now-has-strong-balance-sheet-to-support-growth\/","title":{"rendered":"Mukesh Ambani says Reliance now has strong balance sheet to support growth"},"content":{"rendered":"<p>After record fund raising, 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&#8217;s Chairman and Managing Director Mukesh Ambani.<\/p>\n<p>In the company&#8217;s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms &#8212; the unit that houses its telecom and digital business &#8212; and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue. <\/p>\n<p>&#8220;We now have a strong balance sheet with high liquidity that will support growth plans for our three hyper-growth engines &#8212; Jio, Retail and O2C,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After record fund raising, 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&#8217;s Chairman and Managing Director Mukesh Ambani. In the company&#8217;s latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms &#8212; the unit that houses its telecom and digital business &#8212; and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue. &#8220;We now have a strong balance sheet with high liquidity that will [&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":[135,130,169],"tags":[],"class_list":["post-418347","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418347","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=418347"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418347\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}