India, April 8 -- Billionaire Mukesh Ambani-led Reliance Industries Ltd's net debt will fall even if energy and retail demand struggles for six months and the planned asset sales are delayed, analysts said.
Also, RIL can re-prioritise investment, potentially slowing capex by up to a third. Beyond COVID-19, RIL emerges stronger as competitors face high debt challenges and slow investments, Morgan Stanley said in a research report.
With the outbreak of coronavirus impacting economies globally, RIL faces multiple challenges -- oil prices have declined along with a fall in global oil product demand as a result of the lockdown across India and multiple geographies, potential slowdown in fashion/electronics demand for its retail segment, slower...