The Pigeon Express
American multinational corporation and technology company, Intel will pick up 0.39 percent stake in Reliance Industries Ltd arm Jio Platforms for $253.55 million. The investment from Intel Capital comes after Facebook, General Atlantic, and Silver Lake picked up stake in recent months. The deal has valued Jio Platforms at $65 billion. Jio Platforms has raised […]
Reliance Industries (RIL) chairman Mukesh Ambani on Friday announced that the record investments the company received from some of the world’s top financial investors in its digital unit Jio Platforms and a mega share sale helped it become net debt-free well ahead of the March 2021 target. “Today I am both delighted and humbled to […]
Reliance Industries Limited (RIL) on June 5 said Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms for a 1.85 percent equity stake on a fully diluted basis. This will be the sixth investment in RIL in quick succession, following those by social media major Facebook, private equity […]
Reliance Industries on Friday announced the sale of a 2.32 per cent stake in its digital arm to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. This is KKR’s largest investment […]
Reliance Jio, the telecom unit of Reliance Industries Ltd (RIL), has sold a 1.34 per cent to New-York headquartered private equity firm General Atlantic for Rs 6598.38 crore, making it the fourth such stake sale in the last four weeks. Jio Platforms has raised ₹67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, […]
After Facebook and Silver Lake, US-based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake, making it the third high profile investment in Reliance Industries Limited (RIL) unit. Vista’s investment is at a 12.5 per cent premium over the Facebook deal announced in April. “This investment values […]
Reliance Industries said on Monday that private equity firm Silver Lake will invest Rs 5,656 crore or $746.74 million in its digital arm, giving it a valuation of Rs 4.90 lakh crore. The transaction is subject to regulatory and other customary approvals. The deal comes days after Facebook announced an investment of Rs 43,574 crore […]
Mukesh Ambani led Reliance Industries Limited (RIL) has launched its e-commerce venture called JioMart. Operated by Reliance Retail, which is the retail arm of RIL. Billionaire Ambani first hinted at the e-commerce venture by calling it “new commerce initiative” last year. The Mumbai-based company is projected to connect three crores offline retailers with over 20 […]
Reliance Jio on Wednesday announced that it has decided to start charging six paise a minute to subscribers making calls to other mobile networks. The operator claimed that the new voice charge would be at the prevailing Interconnect Usage Charge (IUC) rate that has been fixed by Telecom Regulatory Authority of India (TRAI) for telcos […]