Ambani has been selling stakes in Jio to bring net debt of more than $20 billion to zero.
“Reliance Industries is positioning itself as a global technology company with international technology and private equity players lining up for a Jio Platforms stake,” said Sudeep Anand, head of institutional research at IDBI Capital Market Services Ltd. The sales are also “another step toward achieving a zero net-debt company by calender year 2020,” he said.
Easy money alone does not make entreprenuers successful, there are many more parameters and attributes. For one successful business, there are thousands that have have failed. We see only the ones standing.
With government in his pocket he can achieve anything, nothing impossible for him.
Even in the midst of COVID 19 crisis, Mukesh Ambani stands apart as a standing example of entrepreneurship.
By reducing his debt burden,Mukesh Ambani will be able to free up his energy to focus on nation building.I wish PM Mody ushers in transparent capitalism where every Indian can dream of setting up of his own business now with low-interest rates and easy credit available.
Pity, our sold-out opposition which screams for a free money transfer instead of demanding interesting free long term easy loans to ensure India becomes an entrepreneurial society.
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