According to the corporate business news, Until 2012, Reliance did not have debt, it was a debt due to faster investment in retail telecom and e-commerce. After 29 years, the company will raise funds through public means for which share rights issues will be issued by the company.
⇛This means that the company will raise funds by selling additional shares to its existing holders. Earlier in early April, the proposal to raise Rs 25 thousand crore through non-convertible debentures was approved and the deal of Rs 43.5 thousand crores with Facebook was considered as part of the debt-free scheme. However, Reliance has not always had this much debt.⇛Reliance has invested aggressively to make dominance in the retail e-commerce and telecom sector. due to which the companies, debt also increased. As mentioned in the corporate news report After making its dominant entry into the telecom and retail sectors, the company is now ready to foray into e-commerce.
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