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RIL to be a zero debt company by FY12 end

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Uploaded by on Jun 3, 2011

Reliance Industries, India's largest private company, will be debt-free this year, Chairman Mukesh Ambani told shareholders at the company's 37th Annual General Meeting. When that happens, RIL will join an elite group of 37 Indian companies in the BSE 500 list which have zero debt, according to their latest balance sheets.

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