Well, this is the Most Buzzy question now a days as everyone is thinking that if Reliance have so much money and everything is going so well then why they are selling their shares,
The answer is Reliance is currently under the debt of around 150000 crore and Mr. Mukesh Ambani himself said in a press conference that he wants Reliance Jio to be out of debt by March 2021,
For more details:-
And it's can be more understandable by knowing that in near future Mr. Ambani wants to hand over this business to his children's,
And everyone knows what happens when at the first time the Reliance industries split between 2 brothers Mr. Anil Ambani and Mr. Mukesh Ambani one brother handle it so well and about other I don't think I have to tell you about Mr Anil Ambani,
That's why Mr Mukesh Ambani thinks that he don't want his children to suffer after him so he want to hand over his company to them Debt free, So even if anything wrong happens to their company, there children's not have to go to court due to some loan issue or something like that and that's why he is selling shares to make Reliance Debt free.\
Replied by Rishabh Bohra thru Quora
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