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Reliance Industries cleared its $21 billion debt in just 58 days—in the middle of the pandemic

REUTERS/Francis Mascarenhas
The rich has arrived.
  • Niharika Sharma
By Niharika Sharma


Published Last updated on

Reliance Industries (RIL), owned by Asia’s richest man Mukesh Ambani, has wiped off its massive $21-billion (Rs161,035 crore) debt in less than two months—and in the middle of a global pandemic.

Ambani had publically announced the goal to make RIL debt-free during the company’s annual general meeting in August last year. The aim was to get there by March 31, 2021.

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