Good News Reliance to restructure Jio, look for investors

Ashok Varma

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Mukesh Ambani’s Reliance Industries Limited (RIL) on Friday announced a restructuring of its digital and telecom business, including Jio, through a multi-step process as it readies to raise external capital from both financial and strategic investors.
The move aims to make Jio debt-free by the end of this fiscal by moving its liabilities to the parent RIL even as capex for the telecom business is completed
RIL will set up a new holding company in which it will infuse Rs 1.08 lakh crore in equity
Reliance Industries to restructure Jio, look for investors - ET Telecom
 
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