The Pigeon Express
Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ digital unit Jio Platforms for INR₹ 11,367 crore $1.49 billion, the firm said in a statement. The deal with the Saudi sovereign wealth fund means Reliance has now sold 24.7% of Jio Platforms and raised just over $15 billion from investors […]
Reliance Industries said on Saturday that US-based TPG will buy a 0.93 per cent stake in its digital services arm Jio Platforms for Rs 4,546.80 crore. This marks the ninth investment in Jio Platforms – which houses billionaire Mukesh Ambani-led Reliance Industries’ telecoms arm Reliance Jio Infocomm – within eight weeks. With the TPG deal, […]
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 […]
Facebook Inc has announced a $5.7 billion investment in India’s Reliance Industries Ltd’s telecom unit. The social media giant’s investment will translate to a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis, Jio said in a statement. Facebook on Wednesday said it would focus on collaborating its messaging platform WhatsApp with […]
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 […]