What is the implication of the statement of Mr. Mukesh Ambani of Reliance that they had already achieved the zero-net debt target?

Let me explain. What Mukesh Ambani meant in the statement was that they have raised Rs.116,000 crore via stake sale in Jio and another Rs.53,200 crore will come through the rights route. If added up they are enough to help RIL become zero net-debt, which currently stands at Rs.161,000 crore as of the end of March 2020.

Practically, that may not be possible as the company has only collected 25% of the total rights amount and therefore the full amount will come only by November 2020. That leaves a shortfall of Rs.31,000 crore as of now and that can be made up by either executing part of the Aramco deal or completing the Brookfield and BP deals.