🔹 RIL has created a powerful corporate structure of large size, world-scale operating companies under RIL.
🔹This structure will help respective companies grow on their individual strengths, raise resources on their own, and will require less dependency on parent RIL.
🔹 It will lead to better risk management of each business as operating cos will manage their own debt and equity for future growth. RIL as holding co will have a larger role of an investor into these cos.
About Debt
🔸 As on 31.3.20, RIL has a gross debt of 3.36 L crore, cash and cash equivalent of 1.75 L crore. Thus, its net debt is 1.61 L crores.
🔸 In CFY, they have another INR 1.04 L crores in books from FB deal and rights issue.
🔸This will reduce the net debt to INR 57,000 crores.
🔸Considering that they will have EBIDTA of INR 80,000 - 90,000 crores from all business operations in CFY, and also have proceeds from attracting new investors in respective op cos, they will be a surplus cash company with about INR 25,000 crores cash in books in CFY.
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