India

How RIL and Jio platforms raised billions without paying any tax

How RIL and Jio platforms raised billions without paying any tax

Between April 22 and July 15 this year, Reliance Industries Ltd (RIL) announced the largest, fastest fund-raise so far in India Inc – more ₹1.5-lakh crore through a stake sale of about 33 per cent in its subsidiary Jio Platforms to 13 marquee foreign investors.

Dr. Suresh Surana, founder, RSM India, discusses with The Hindu Business Line, how smart deal structuring helped them achieve multiple objectives.

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