Mukesh Ambani needs to make Reliance Jio "just about internet debt free" by March 31, 2020

Reliance Industries Ltd (RIL) on Friday mentioned it should arrange a brand new subsidiary to convey all its digital initiatives and apps beneath a single entity, and infuse Rs 1.08 lakh crore fairness into this new unit. The brand new construction is just like these adopted by tech titans globally, and can supply a compelling funding proposition to strategic and monetary buyers, a lot of whom have evinced sturdy curiosity in partnership, the corporate mentioned in a press release, including that this may even create the most important digital providers platform firm in India.

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