Jio to focus on technology monetisation, targets debt-free status

Reliance Jio, a major Indian telecom company, has announced plans to focus on monetizing its technology assets to achieve a debt-free status. This shift in strategy will allow the company to use almost all of its proceeds to pay off its debt, with future expansion and growth funded through internal cash flows. The goal of becoming debt-free is significant for the company's financial health and stability, which in turn can positively impact the Indian stock market, particularly the Nifty 50 index.

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Jio plans to focus on technology monetisation and targets a debt-free status. The company will use the proceeds to make JPL net debt-free and fund future expansion through internal cash flows.

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