Скачать или смотреть HOW DOES RELIANCE INDUSTRIES BECOME NET-DEBT FREE??

RELIANCE INDUSTRIES LIMITED: The company was co-founded by dhirubhai ambani and Champaklal Damani in 1960's as Reliance Commercial Corporation.
 In 1965, the partnership ended and Dhirubhai continued the  polyester business of the firm.
 On 8 May 1973, it became Reliance Industries Limited. 
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd.
In 1996, it became the first private sector company in India to be rated by international  credit rating agencies.
In 1995/96, the company entered the telecom industry through a joint venture with NYNEX, USA and promoted reliance telecom private Ltd in india.
In 1998/99, RIL introduced packaged  LPG  in 15 kg cylinders under the brand name Reliance Gas.
The years 1998–2000 saw the construction of the  integrated petrochemical complex at jamnagar in Gujarat the largest refinery in the world.
SHARE HOLDING: The number of shares of RIL are approx. 3.1 billion.
46.32% of the total shares whereas the remaining 53.68% shares are held by public shareholders, including FII and corporate bodies
Life insurance corporation of india is the largest non-promoter investor in the company, with 7.98% shareholding.
WHY RELIANCE COMPANY SHARES FELL: Shares of Mukesh Ambani-led Reliance Industries tumbled nearly 6% in intraday trade on the Bombay Stock Exchange (BSE).
The oil-to-telecom conglomerate has fixed May 14 as the record date for India's biggest rights issue of Rs 53,125 cr.
On April 30, RIL announced to raise Rs 53,125 cr which is priced at Rs 1,257, a 20% discount to the stock's closing price of Rs 1,576.75 on may 11.
Compared to the biggest Indian stock market crash , RIL shares have outperformed the market by rallying 78%, as against a 21.5% rise in the S&P BSE Sensex.
Weighed down by profit booking, Reliance Industries share price declined as much as 5.92 % to touch an intraday low of Rs 1,483.30 against previous closing price of Rs 1,576.75.
The stock opened marginally higher at Rs 2,085.85 but soon slipped into negative terrain.
Meanwhile, the BSE Sensex was trading at 31,293, down 268 points, or 0.85 per cent. 
 Investor concerns around Reliance Industries’ (RILNSE 0.04 %) free cash flow and debt repayments were overdone.
The brokerage has retained buy rating on RIL but revised target price down by 2 per cent to Rs 1,550, partly to reflect the potential delay in Jio tariff hike.
Shares of RIL ended down 3.3 per cent at Rs 1,150.05 on Wednesday ..
(RIL), India's largest company by market capitalisation, has posted a record Rs 10,251 cr quarterly profit in the third quarter when revenue has jumped 55.9% to Rs 1.71 lakh cr.
increase in the crude price has contributed to jump in revenues, while gross refining margin (GRM) of RIL fell sharply to $8.8 a barrel, compared to $11.6 in the same quarter last year.
Further, during March 2020/April 2020, there has been significant volatility in oil prices, resulting in reduction in oil prices," RIL said on coronavirus crisis.
Reliance Industries Ltd (RIL) has announced that it has become net-debt free.
In March 2020, the company had reported a net debt of ₹1.61 trillion ($21 billion).
Since then, it has raised $15.2 billion by selling stakes in Jio Platforms Ltd.
$7 billion rights issue was oversubscribed 1.6 times.
The investments in Jio Platforms are also yet to be received, but analysts expect the funds to come in this financial year.
A stake sale to BP for the petro-retail joint venture (JV) is also expected to conclude in FY21 and bring in about ₹7,000 crore to the kitty.
Since the stated intent of the company was to reduce its reported net debt to zero by end-FY21, more needs to be done to achieve the target.
It may be more appropriate to say that RIL’s reported net debt is on its way to becoming zero.
In any case, it’s important to remember that there already exists a wide gap between RIL’s reported net debt and estimates of its net debt by credit rating agencies and brokerage analysts.
Given the company’s fairly cushy position on the net debt front, it’s little wonder that RIL shares have reached new record highs and its market capitalization has crossed $150 billion, the first Indian company to reach this milestone.
RIL may not exactly be a debt-free company, but the debt overhang has clearly lifted from over its stock.
 At the last annual general meeting (AGM) chairman Mukesh Ambani had initiated the target to turn RIL into a net debt-free company by March 2021.
The outstanding debt of the company stood at Rs 3.36 lakh crore in March 2020, while cash and cash equivalents at Rs 1.75 lakh crore