Search
+

    Mukesh Ambani wants to make Reliance Jio "virtually net debt free" by March 31, 2020

    Copy URL
    Embed

    Reliance Industries Ltd (RIL) on Friday said it will set up a new subsidiary to bring all its digital initiatives and apps under a single entity, and infuse Rs 1.08 lakh crore equity into this new unit. The new structure is similar to those adopted by tech titans globally, and will offer a compelling investment proposition to strategic and financial investors, many of whom have evinced strong interest in partnership, the company said in a statement, adding that this will also create the largest digital services platform company in India.

    9356views
    Have something to say? Post your comment
    The Economic Times