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RIL’s recent fundraise has no precedence in Indian corporate history: Mukesh Ambani

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₹1,68,818 crore through investments by global tech investors into Jio Platforms of ₹1,15,694 crore and the Rights Issue of ₹53,124 crore, Ambani told shareholders in the company’s annual report released on Tuesday. “ The combined capital raised has no precedence globally in such a short time.

Both of these are also unprecedented in Indian corporate history and have set new benchmarks. This is even more remarkable that this was achieved amidst a global lockdown caused by the COVID-19 pandemic" he said.Ambani, who had at RIL's annual general meeting last August announced plans to sell 20% stake in its refining and petrochemicals business for $15 billion to Saudi Aramco to become a net debt free company, maintained that the transaction remains.

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