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REUTERS/Francis Mascarenhas
The rich has arrived.

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

Niharika Sharma
Member exclusive by Niharika Sharma

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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