RIL's Plan to Turn Debt-Free In 18 Months Optimistic & Reasonable: Sushil Choksey
  • WebDesk BTVI
  • Aug 13 2019

World’s largest oil producer Saudi Aramco will acquire a 20 per cent stake in Reliance Industries' (RIL) refining and petrochemicals businesses for around $15 billion. The investment will help RIL cut its debt, which currently stands at Rs 1.54 lakh crore ($22 billion) and achieve its aim of becoming a zero-debt company by the end of FY21. Sushil Choksey, Director, Indus Equity Advisors, feels the plan to become debt free in 18 months sounds optimistic and reasonable. Here's more.