Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms
KKR will invest Rs 11,367 cr into Reliance Jio Platforms: Key takeaways from the deal with global PE firm
KKR will invest Rs 11,367 crore into Jio Platforms: Key takeaways from the deal with global PE firm
With the latest deal, Reliance Jio Platforms will get a combined Rs 78,562 crore from the five investments.
Funding by General Atlantic, Facebook, others to position Jio as tech player not just telco: Analysts
Recent investments by Facebook, General Atlantic, Vista and Silver Lake will re-position Jio as a major tech player rather than just a telecom service provider, analysts said on Monday
Jio is uniquely positioned to democratise data and digital services, says General Atlantic's Sandeep Naik
General Atlantic announced an investment of Rs 6,598 crore to pick up a 1.34 percent stake in Jio Platforms, valuing the latter at Rs 4.91 lakh crores
Reliance Industries shares gain nearly 2% after company announces over Rs 6,500 deal with General Atlantic
Shares of Reliance Industries on Monday gained nearly 2 percent after the company announced the sale of 1.34 percent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore
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Reliance Industries' proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday
Reliance Jio launches new 'Work from home' Rs 2,399 annual plan, offers 2 GB daily data, 365 days validity
Reliance Jio has one more annual plan that costs Rs 2,121 and offers 1.5 GB data per day.
RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr
Shares of Reliance Industries on Friday jumped over 4 percent after the company announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in its digital unit, Jio Platforms, for Rs 11,367 crore
Govt to roll out COVID-19 app for JioPhone in bid to increase reach of system; testing underway, says official
Within a week, a version of the app will be rolled out to more than 100 million users of the $9 JioPhone.
Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt
India’s Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc, boosting its efforts to cut debt
Reliance Jio-Silver Lake Rs 5,656 cr deal: Investment values Jio Platforms at enterprise value of Rs 5.15 lakh cr; other key highlights
Silver Lake - one of the world's largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy a 1.15 percent stake in billionaire Mukesh Ambani's digital unit that houses India's youngest but biggest telecom firm
Reliance Jio reports 73% growth, reveals more details about Facebook-Jio partnership and potential benefits to SMBs
As part of the Facebook partnership, JioMart, a service that connects local stores to consumers, will be integrated into WhatsApp.
Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings
Reliance Industries to consider first rights issue in three decades; company's board meets on Thursday
India’s Reliance Industries Ltd said it will consider its first rights issue in almost 30 years when its board meets on Thursday, in another attempt to slash its debt
Facebook-Jio deal a positive; concerns around flouting of net neutrality, data safety norms unfounded: Industry forum
Facebook's decision to invest $5.7 billion (about Rs 43,574 crore) in Jio Platforms is a big positive for India's digital services sector, and any apprehension that net neutrality or data protection norms may be flouted or consumer interest harmed, is "erroneous and far-fetched", industry body BIF said on Monday
Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report
Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said
Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company