Industry

Reliance has raised ₹3.24 lakh crore capital, says Ambani

Reliance Industries Chairman Mukesh Ambani. File photo  

Reliance Industries Ltd has raised a record ₹3.24 lakh crore in capital from stake sale in units, rights issue and asset monetisation, its chairman Mukesh Ambani said Thursday.

Addressing shareholders, he said the company raised ₹3,24,432 crore capital through the sale of stake in digital unit Jio Platforms and retail venture, rights issue and asset monetisation.

"RIL raised $44.4 billion – largest-ever capital raise by any company in a year globally. This capital raise is a strong vote of confidence by global investors in India's growth potential," he said.


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Printable version | Aug 2, 2021 2:07:22 AM | https://www.thehindu.com/business/Industry/reliance-has-raised-324-lakh-crore-capital-says-ambani/article34949687.ece

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