Reliance Industries , India’s most valuable company, is undergoing a transformation—its fourth this century. Chairman Mukesh Ambani probably deserves more shareholder love than he is getting right now.
Delayed gratification is always a tough sell. Despite high interest rates, Reliance secured board approval last week to raise as much as 200 billion Indian rupees, equivalent to $2.5 billion, to pay short-term debt maturities and double down on itsa WSJ membership
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