RIL to restructure Jio, look for investors

Mukesh Ambani’s RIL on Friday announced a restructuring of its digital and telecom business, including Jio, through a multi-step process as it readies to raise external capital from both financial and strategic investors. The move aims to make Jio debt-free by the end of this fiscal by moving its liabilities to the parent RIL. For starters, RIL will set up a new holding company in which it will infuse Rs 1.08 lakh crore in equity.

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