Reliance to become Debt Freee in FY12

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Mukesh Ambani has stated that Reliance Industries Ltd. (RIL) will become debt free at the end of the current financial year (2011-12) and this statement was made by him while addressing the Annual General Meeting (AGM) of RIL in Mumbai.

It is pertinent to note that enterprise value of RIL is at US75bn and market capitalisation of RIL has grown at 77% CAGR over the last 33 years. RIL has free cash of Rs 42,393 crores on its balance sheet. If you like our post than do not forget to refer our share market tips website to your friends and colleagues.

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