RELIANCE INDUSTRIES (MUKESH AMBANI)
The RIL (Reliance Industries Limited) owned by the elder brother of Anil Ambani becomes one of the biggest debtors in the Indian Debt Industry by owning the whooping Rs. 1,87,079 crores compared to the Rs. 60,000 crore debt as on March 2010. The debt had risen to Rs. 1,87,079 due to the investment of Rs. 1,50,000 crores in Reliance JIO. According to the sources, this is the biggest among all corporate houses and the largest ever in Indian corporate history. But it’s also one of the best-rated firms in servicing its interest, so banks are happy to offer RIL loans at competitive rates. Analysts believe that huge debt may weigh down the profitability due to interest outgo and depreciation after the commercial roll-out of Reliance Jio if it is not able to scale up quickly.
Taking into the consideration the RIL group owned by Mukesh Ambani do not require to sell any assets as he is one of the best paymasters for the banks at the moment, said the sources. — NEXT PAGE —-
