Facebook’s Jio investment to help RIL move to zero debt: Report - Bhaskar Live

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Monday, April 27, 2020

Facebook’s Jio investment to help RIL move to zero debt: Report

Facebook’s over Rs 43,000 crore investment in Jio Platforms would help Reliance Industries (RIL) in its movement towards becoming a zero net debt company by March 2021, a Credit Suisse report said on Monday.
“Deal cash flow would help RIL bring down overall net debt and help to move towards its target of achieving zero net debt by Mar-2021,” the report said.

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