Reliance To Be Zero-Net Debt Company In 18 Months: Mukesh Ambani
Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of USD 1 billion annually for over a decade.
Reliance has invested nearly Rs 5.4 lakh crore over the last five years to generate EBITDA in excess of USD 1 billion annually for over a decade. Ambani also said Reliance "will induct leading global partners in (telecom arm) Jio and Reliance Retail in the next few quarters, and move towards listing of both these companies within the next five years." "As we achieve our zero-net debt target this financial year, I assure you, my dear shareholders, that we will reward you abundantly through higher dividends, periodic bonus issues and other means, and at a more accelerated pace than any time in our history," he said. Ambani said Reliance ended last year with a net debt of Rs 1,54,478 crore.
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