Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22
This is the eighth deal announced by RIL in the last two months
Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.
Ambani's firm had on April 30 announced fundraising of Rs 53,124 crore by way of a 1:15 rights issue -- India's biggest and the first such issue by the firm in nearly three decades
8th investment values firm at Rs 4.9 trn on equity value basis
Duopoly, with only Jio and Airtel, will be unhealthy and lead to job losses in the sector
Reliance Industries in a statement said with this, aggregrate investment by Silver Lake in Jio Platforms will be Rs 10,202.55 crore
The Mukesh Ambani-led company plans to reduce debt with the proceeds from the stake sale
Including investment by the Abu Dhabi fund, Reliance has now sold a combined 19% interest in Jio Platforms in six deals announced over as many weeks
Over the past six weeks, Jio Platforms has raised a striking $10 billion from global investors
In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.
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Abu Dhabi and Saudi groups slated to invest about $1 billion into Jio Platforms Ltd, says report
Reliance Industries Ltd's Rs 53,124 crore rights issue, which has already been oversubscribed, on Tuesday received further bids for 8.8 crore
Capacity has been scaled up to produce more than 100,000 PPE kits per day and cost has been slashed to nearly Rs 650 per unit from the about Rs 2,000 apiece imported price, they said
The strategy includes spending over $1.6 billion on buying stakes in 24 tech firms across the US, UK, and India
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Units worth nearly Rs 150 crore changed hands on the NSE and another Rs 554 crore on the BSE.
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate