Reliance Industries may look at more stake sales as it aims for zero debt

Reliance Industries Ltd (RIL) may sell equity in more businesses as it aims to become a zero-debt company in the next 18 months, RIL chairman and managing director Mukesh Ambani said. Speaking at the company’s 42nd annual general meeting (AGM) on Monday, Ambani said RIL has received strong interest from strategic and financial investors for its consumer businesses—Jio (telecom) and Reliance Retail—but did not divulge further details.