InvestorQ : Will Reliance actually become debt free in the next couple of years?
Aashna Tripathi made post

Will Reliance actually become debt free in the next couple of years?

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Tisha Malhotra answered.
2 years ago
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Top brokers do believe that RIL may be on target to become zero net debt over the next couple of years. Credit Suisse believes that the deal will help RIL become net debt free by March 2021. The Gross debt of Reliance Group stands at Rs.3,00,000 crore while the net debt stands at Rs.1,51,000 crore. It is this net debt that RIL hopes to repay within the end of 2 years. Out of the Rs.43,500 crore received from Facebook, RIL will be using nearly Rs.25,000 crore to defray debt. In addition, it will also receive around Rs.1,00,000 crore from Saudi Aramco, which will also be partially used to defray debt. The group also plans to partially monetize its towers to repay the loan. Most brokerages have again turned positive on the stock after the Facebook deal.

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