Professional Documents
Culture Documents
As Mukesh Ambani stated that he will clear the net debts stated on 31 st March 2020
He fulfilled his promise to the shareholders by making Reliance net debt-free much before their
original schedule of 31st March 2021
Actual debt is 161 cr…. but they raised more money than the actual net debt
Out of 100% right shares they partly rec 25% i.e.,13281cr and another 25% in May 2021 and 5o%in
nov 2021.
By combining all the future right shares, they told that right issue shares is 53124.20 which means
they will definitely received all the money in future so that they raised the more right issues.
he said that will clear the net debt as zero not the total debt …total debt is different
according to the balance sheet calculations he told that he will clear the net debt.
And Ambani stated that within 5years he will list the jio and reliance retail in the stock market.
RIGHT ISSUE:
Listed company (RIL) can raise additional capital. Instead of selling shares to the public ..it is selling
its own shares to the existing shareholders.
https://www.ril.com/getattachment/cf8e0d06-df6b-4dc7-8605-96d428dd7406/Reliance-Raises-
Over-%E2%82%B9-168,818-Crore-in-Just-58-Da.aspx
ALOK INDUSTRIES----RELIANCE
ALOX -textile company…they predicted that in the future there will be more demand in textile they
started investment by taking debts (they increased their assets)
After few years, those assets are not generating revenue and they are unable to repay the loans
So, the borrowers proposed to sell …and that assets are brought by 2 companies JM FINANCIALS
AND RELIANCE. (JOINTLY PURCHASED)
RELAINCE DIVERTED ALOK INDUSTRIES FOR MAKING PPE KITS TO GENERATE REVENUE
https://www.livemint.com/companies/news/reliance-picks-up-37-7-stake-in-alok-industries-
11582972195350.html