• RIL 1st Indian firm to hit Rs 11 lakh cr market value as it becomes net debt-free

    RIL 1st Indian firm to hit Rs 11 lakh cr market value as it becomes net debt-free

    Published Date : 19-Jun-2020 4:34:38 IST

    Reliance Industries shares surged as much as 8% on Friday after the company announced it has become net debt-free, taking its market value to over ₹11 lakh crore. It is the first Indian company to achieve the milestone. Reliance raised over ₹1.69 lakh crore over the last few weeks via stake sales in Jio Platforms arm and a rights issue.

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