- Reliance Industries is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed, based on selling shares worth ? 1.3 lakh crores.
- The company has sold minority stakes in its digital arm to Facebook and private equity firms such as Silver Lake, Vista Equity, KKR and General Atlantic to raise a cumulative ? 78,562 crore. Also, the company is raising ? 53,125 crore through a rights issue.
- The balance shortfall of ? 27,700 crore can be raised through three avenues, stake sale to Aramco, sale of fibre OCPS, higher-than-estimated free cash flow and further stake sale in Jio.