RIL goes debt-free after raising \u20b91.68 lakh crore from investors in Jio Platforms and rights issue. Reliance Industries Chairman, Mukesh Ambani said "I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021." RIL was under a net-debt of \u20b9161,035 crores. The company has managed to raise \u20b9115,693.95 crores from 10 different global investors and \u20b953,124.20 crores from RIL's rights issue. Mukesh Ambani promised shareholders that Reliance will become net debt-free by March 31, 2021, in the last year's AGM. Ambani also shared his plans on getting Reliance Retail and Reliance Jio listed in the next 5 years. Reliance Jio Platforms\u00a0disclosed an investment of \u20b911,367 crores by The\u00a0Public Investment Fund (PIF). According to the deal, PIF will acquire a 2.32% stake in\u00a0Jio Platforms\u00a0on a fully diluted basis. Jio Platforms has made an equity value of \u20b94.91 lakh crores and an enterprise value of \u20b95.16 lakh crores. Jio-PIF Deal Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, stated that the company had enjoyed a long relationship with the Kingdom of Saudi Arabia for many decades. PIF's investment in Jio Platforms comes as an opportunity to strengthen the relationship and fuel India\u2019s new oil (Data-driven) economy. Yasir Al-Rummayyan, the Governor of PIF, stated that the recent investment in Jio Platforms would enable PIF to generate significant long-term commercial returns for the benefit of Saudi Arabia\u2019s economy and citizens. Here is a press release by the company. RIL goes debt-free: Global Investors in Jio Platforms Reliance Jio has attracted huge investments from global investors since April 2020. The social media giant Facebook has become the biggest investor in the company by investing \u20b943,573.62 crores to acquire a 9.9% stake in the telecom company. RIL Investments A recent investment of \u20b96,441.3 crores has secured a stake of 1.32% to the US private equity firms TPG and L Catterton in Jio Platforms. Reliance Jio has raised a total of \u20b9115,693.85 crores by selling out just a 24.50% stake. Apart from this, the list includes investors like Silver Lake, Vista, Equity Partners, General Atlantic, KKR, Mubadala, and ADIA. The partnership with Facebook will help Reliance Jio to accelerate India\u2019s digital transformation and empower the lives of nearly 1.3 billion Indians, which includes small businesses and farmers. Jio has recently launched Jio Mart which is now live in more than 200 cities across the country. Jio Mart partners with small grocery stores to deliver products to the users. The Facebook-Jio deal has also enabled the telecom giant to take orders from WhatsApp. That is all in this one. Stay tuned for latest technology news and updates.