Jio IPO to boost Reliance's financial flexibility, cut debt servicing costs: Moody's

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 22 Oct, 01:54 UTC

Reliance held about ₹2.5 lakh crore in cash, cash equivalents and current investments as of March 31, compared with ₹1.1 lakh crore in reported current borrowings, including lease liabilities, Moody's said. The conglomerate's consolidated capital expenditure is expected to remain elevated at around…

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Sources

• T1Jio IPO to boost Reliance's financial flexibility, cut debt servicing costs: Moody'sEconomic Times — Tech / Technology / Startups / ETTelecom22 Oct, 01:54