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    HomeNewsBusinessCompaniesRIL to be debt-free by end of FY12: Mukesh

    RIL to be debt-free by end of FY12: Mukesh

    India's largest listed firm Reliance Industries will be free of net debt by the end of fiscal 2012, Chairman Mukesh Ambani said at the company's annual shareholder meeting on Friday.

    June 03, 2011 / 12:48 IST

    India's largest listed firm Reliance Industries will be free of net debt by the end of fiscal 2012, Chairman Mukesh Ambani said at the company's annual shareholder meeting on Friday.

    The company, controlled by billionaire Mukesh Ambani, had outstanding debt of Rs 67,397 crore (USD 15.04 billion) as of March 31.

    Shares in Reliance, valued at USD 68.8 billion, have fallen more than 10% so far in 2011, contributing significantly to the comparative 9.8% fall in the main index, in which the stock has the heaviest weight.

    first published: Jun 3, 2011 12:43 pm

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