After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?

Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others

In August 2019, Reliance Industries (RIL) Chairman Mukesh Ambani said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others. Since then, RIL has announced several deals, though it is yet to close them.

Here’s a closer look.

DEALS IN THE PIPELINE
 

• In August 2019, Saudi Aramco and RIL signed a non-binding letter of intent under which RIL was to sell 20 per cent stake in its refining