Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India
This brings the aggregate investment by Silver Lake and its co-investors to Rs 10,202.55 crore
In addition, he has been permitted to convert the physical share certificates held by him into the Demat form within three months
The rights issue closes on June 3. Shares of RIL closed at Rs 1,520 on Monday
Price fixed at Rs 1,257, a discount of 17.3% to the last closing
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
In comparison PSU refiners were able to achieve 60%; RIL's oil-to-chemical biz can shift quickly from fuel to chemicals, domestic to exports
The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement
The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to eligible equity shareholders of the company
This is Jio's third major announcement in three weeks after it previously sold stakes to Facebook and Silver Lake
According to a banker close to the development, the lenders have approached India's top retail players to evaluate the possibility of a merger
On a weekly basis, Sensex zoomed 7.6 per cent and Nifty jumped 7.7 per cent
No regulatory approvals were required in India for the acquisition of shares
From Axis Bank investing in Max Life Insurance to ADB approving $1.5 bn loan for India, here are top headlines of the day
Wood has rejigged his exposure to Indian stocks in his Asia ex-Japan long-only portfolio with HDFC Bank and ICICI Bank paving the way for Cipla. Besides, he remains bullish Reliance Industries.
Facebook announced an investment of $5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in Jio Platforms
Indian equity markets inched higher on Wednesday, helped in great part by Reliance Industries (RIL), which ended over 10 per cent higher
Reliance Industries' higher cost efficiencies and diversified business model will prove helpful
Rising telecom revenues to partly compensate for muted show of refining, retail & petrochemicals