Asia’s richest man Mukesh Ambani of Reliance Industries has wiped off its massive debt of about Rs.161000 crore in less than two months, much earlier than the set goal to make RIL debt free by March 31 2021.A major amount is realised from the sale of stakes in Jio Platforms to 10 investors including Facebook and the rest from rights issue ( which is a company’s invitation to the existing share holders to purchase additional shares ) .The combined capital raised has no global precedence in such a short time.These are also unprecedented in Indian corporate history
It is indeed a stupendous achievement by this corporate behemoth, more so at a time when there is an economic lull across the globe. RIL ! A dream scrip for novices and experts alike for the simple reason that it fetches good returns on the investment if one plays cautious and it is no exaggeration that it decides trends on the capital markets. It is a scrip that both investors and traders have a special fascination to ! Though many others have crossed at times its place of prominence on the Sensex and Nifty by surging ahead in market capitalisation during unprecedented buoyancy in the markets, the scrip continues to maintain its lustre and regain its place.Similarly the price swings are also high in times of volatility.
Ambani’s ambition to list Jio and Reliance Retail on stock exchanges in the next five years may even materialise much earlier as can be understood going by the stellar growth record.
You can see my next post at 9 pm tomorrow
Over to you now
✍️
It is indeed a stupendous achievement by this corporate behemoth, more so at a time when there is an economic lull across the globe. RIL ! A dream scrip for novices and experts alike for the simple reason that it fetches good returns on the investment if one plays cautious and it is no exaggeration that it decides trends on the capital markets. It is a scrip that both investors and traders have a special fascination to ! Though many others have crossed at times its place of prominence on the Sensex and Nifty by surging ahead in market capitalisation during unprecedented buoyancy in the markets, the scrip continues to maintain its lustre and regain its place.Similarly the price swings are also high in times of volatility.
Ambani’s ambition to list Jio and Reliance Retail on stock exchanges in the next five years may even materialise much earlier as can be understood going by the stellar growth record.
You can see my next post at 9 pm tomorrow
Over to you now
✍️
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