The country's richest industrialist Mukesh Ambani is close to becoming the Honor of india's leading e- commerce company Ambani has introduced a plan of 24 billion dollars (1.6 lakh crore rupees) to form a digital service holding comapany with the help of this plan there will be an attempt to dominate internet shopping in india according to bloomberg report mukesh Ambani has assets of about $ 56 billion (3.85 thousand crores) at the same time mukesh ambani total assets after selling 20% stake of Reliance oil and chemical Business to saudi Arabian oil company has increased to about 75 billon dollars in such a situation Mukesh Ambani has plans to invest in the e- commerce sector in the next few years there is a plan to make companies debt free.
All digital services will be available on one platform :- According to Reliance industries limited (RIL) it will set up a subsidiary solely for its digital business it will provide digetal service to customers and will eliminate all the operations debts of Reliance Jio V Srikkanth the financial officer of the jio comapany had told that on september 30 of 2019 jio had a debt of about 84 thousand crores while in the september quarter of this year jio's profit was Rs 990 crores At the same time the total revenue was 12,354 crores.
Will make live debt free :- Reliance iindustries Limited (RIL) initially allowed an investment of RS 1,08,000 crore to build a digital platform . This investment will be made by giving effect to the liability transfer through right over OCPS (optionally) convertible.
shares of Reliance industries hace rallied 28% this year compared with an 8.8% gain in the benchamark s&p BSE sensex index the stock near an all time high will resume trading tuesday when india returns from a holiday
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