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Reliance Industries confident of hitting zero net debt target by December

Focus shifts from Aramco to Jio Platforms deal to achieve the goal ahead of the March 2021 deadline

Mukesh Ambani arrives for the 41st AGM of Reliance Industries Ltd at Birla Matoshree, in Mumbai on  05th, July,2017- KAMLESH PEDNEKAR
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In August, RIL announced that it was looking to sell a 20 per cent stake in its oil to chemicals (O2C) division to Saudi Aramco for around $15 billion

Amritha Pillay Mumbai
Mukesh Ambani-promoted Reliance Industries (RIL) has said it is confident of achieving its target of zero net debt in the current calendar year.
 
This is ahead of the March 2021 deadline Ambani had set in 2019. While the earlier expectation was that RIL’s Aramco deal will help meet this target, a surprise rights issue and divestment in Jio Platforms may do the trick instead.
 
On Thursday, RIL did not give a timeline for the Aramco deal. But it said it was in good shape to announce a Facebook (FB) investment size deal in the coming months (for Jio Platforms).
 
“With

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