Silver Lake to invest ₹4,550 crore more in Jio Platforms
4 years, 7 months ago

Silver Lake to invest ₹4,550 crore more in Jio Platforms

The Hindu  

Silver Lake, along with co-investors, has agreed to invest an additional ₹4,546.80 crore in Jio Platforms, beyond the original investment of ₹5,655.75 crore by Silver Lake last month. Earlier, Abu Dhabi-based sovereign investor Mubadala agreed to invest ₹9,093.60 crore in Mukesh Ambani-led Jio Platforms for 1.85% stake, conferring Jio Platforms with an enterprise value of ₹5.16 lakh crore. With this investment, Jio Platforms, a wholly owned subsidiary of Reliance Industries, has raised a total of ₹87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR and Mubadala in less than six weeks. We look forward to benefitting from Mubadala’s experience and insights from supporting growth journeys across the world.” Jio Platforms has made significant investments in technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things augmented and mixed reality and blockchain. Augurs well for all telcos to benefit renewable energy and utilities, and the management of diverse financial holdings“Barring Facebook — for whom this might be a strategic round — all investors are exit-focussed equity investors, which sends a strong signal to the market that either the ratios and/or multiples for Indian telcos are expected to continue to improve, which will help the likes of Mubadala, KKR, Vista, GA and Silverlake book returns,” Utkarsh Sinha, MD of boutique investment firm Bexley Advisors, told The Hindu, “Importantly, Jio’s raise should serve as the wind in the sails for Airtel as well, which is also in the market and looking to raise equity both to retire debt and fuel growth.

Technology India Digital Silver Jio Investors Crore Platforms Lake Silver Lake Jio Platforms Growth Invest Mubadala Investment  technology  platforms  crore  4550  digital  lake  silver  growth  invest  jio  mubadala  investment  investors

History of this topic

RIL preparing for Jio IPO next year, retail business to go public much later
2 months, 1 week ago

RIL preparing for Jio IPO next year, retail business to go public much later

Live Mint  

Reliance Jio IPO: Reliance Industries Ltd aims to list its subsidiary Jio Platforms Ltd, which houses the country’s largest telecom company, in 2025, two people familiar with the development said. Reliance Jio Infocomm Ltd, a fully owned subsidiary of Jio Platforms, houses the group’s telecom services business, offering voice and data services to more than 479 million consumers in the …

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
6 months ago

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Hindustan Times  

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering in 2025. Jio 'could list at $112 billion valuation' and add '7-15 percent upside' to the Reliance Industries share price, the brokerage said. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India. "Jio leading …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months, 3 weeks ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore
1 year ago

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore

India TV News  

Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. The quarterly revenue of the Reliance Industries-backed company also dropped by 32 per cent, decreasing …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
1 year ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani
1 year, 1 month ago

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani

India TV News  

Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global …

In charts: Jio Financial Services’ promise of the future
1 year, 4 months ago

In charts: Jio Financial Services’ promise of the future

Live Mint  

The Mukesh Ambani-led Reliance Group likes to do everything big, from announcement to business scale. Reliance Industries first announced the demerger of Jio Financial Services from itself in late-2022. Ultimately, six other Reliance subsidiaries were housed in a company, Reliance Strategic Investments, which was renamed to Jio Financial Services. Its valuations will be driven by its investments in Reliance entities …

RJio spin-off or IPO expected within five years: Jefferies
1 year, 4 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Jio Financial Services to become the second largest shadow lender by market cap
1 year, 5 months ago

Jio Financial Services to become the second largest shadow lender by market cap

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries Ltd, has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

Reliance, Jio raise $5bn in largest syndicated loan in India
1 year, 9 months ago

Reliance, Jio raise $5bn in largest syndicated loan in India

Deccan Chronicle  

New Delhi: Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said. Reliance last week raised USD 3 billion from 55 banks and Reliance Jio Infocomm secured additional credit of USD 2 billion from 18 banks, sources aware …

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara
2 years, 2 months ago

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara

Firstpost  

Under the Jio True5G Welcome Offer, customers with invitation only will get access to 5G service during the beta trial and be able to access unlimited data up to 1 gigabit per second. On October 1, after Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra-high-speed internet on mobile phones, Mukesh Ambani said Reliance Jio, …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 5 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore
2 years, 5 months ago

5G Auction: Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore

News 18  

New Delhi, Jul 18: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit. According to information released by the Telecom Department on Monday as part of the list of pre-qualified bidders, Reliance Jio has submitted an …

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data
2 years, 5 months ago

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data

Live Mint  

Private telecom operator firm Reliance Jio has cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, says the sector regulator on 19 July. According to monthly subscriber data by Telecom Regulatory Authority of India, Reliance Jio gained 31.11 lakh wireless subscribers, taking its mobile customer count to 40.87 crore. Earlier on …

Reliance Jio to Invest $200 Million in Mobile Startup Glance
2 years, 11 months ago

Reliance Jio to Invest $200 Million in Mobile Startup Glance

Hindustan Times  

Reliance Industries Ltd.’s digital platform will invest $200 million in the mobile content company Glance InMobi Pte., a sign regional startups continue to attract financing at strong valuations despite setbacks for some newly-public technology stocks. Reliance Jio Infocomm Ltd., India’s largest mobile services provider with more than 420 million subscribers, is trying to boost its base with home-engineered JioPhone Next …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 6 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Google working closely with Jio to build affordable smartphone, says CEO Pichai
3 years, 7 months ago

Google working closely with Jio to build affordable smartphone, says CEO Pichai

Live Mint  

Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. Google had picked up a 7.7% stake in Jio Platforms for ₹33,737 crore last year and had also entered into a commercial agreement with Jio Platforms to jointly …

Jio's Q4 net profit grows 48% to Rs 3,508 crore
3 years, 8 months ago

Jio's Q4 net profit grows 48% to Rs 3,508 crore

India TV News  

Jio Platforms on Friday reported 47.5 per cent growth in its consolidated net profit for the January-March quarter at Rs 3,508 crore. Jio's consolidated revenue from operations rose 18.9 per cent on a year-on-year basis to Rs 18,278 crore during the fourth quarter of FY21. The total data traffic during the quarter increased 26.7 per cent YoY to 1,668 crore …

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms
3 years, 8 months ago

Jio Platforms, Byju's in Time Magazine's First-ever List of 100 Most Influential Firms

News 18  

Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. “Now leading investors are turning to Jio Platforms — the holding company for Reliance’s digital businesses — to reach its more than 410 million subscribers,” it said. As users of his company’s signature app …

Partnership with Jio to help support millions of SMBs: Zuckerberg
4 years, 1 month ago

Partnership with Jio to help support millions of SMBs: Zuckerberg

India TV News  

Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. "With more than 60 million small businesses and millions of people around the country relying on them for jobs -- these small businesses form a big part of what our partnership with Jio can serve here," he said. "One …

Jio-Google 4G Android phone to launch in first quarter of 2021
4 years, 1 month ago

Jio-Google 4G Android phone to launch in first quarter of 2021

India Today  

Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. "Jio Platforms Limited has allotted equity shares to Google International LLC, following which Google International holds 7.73 per cent of the fully diluted equity share capital of Jio Platforms," Reliance Jio said earlier this month. At Reliance's virtual annual general meeting in July, Reliance CEO, Mukesh …

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms
4 years, 1 month ago

Google pays Rs 33,737 cr for 7.73% stake in Jio Platforms

India TV News  

Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 2 months ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

Higher telecom and retail revenues cushion Reliance Industries in Q2
4 years, 2 months ago

Higher telecom and retail revenues cushion Reliance Industries in Q2

Live Mint  

Mukesh Ambani-led Reliance Industries on Friday beat estimates as it posted consolidated net profit at ₹9,567 crore for the second quarter ended September. On Friday, Reliance’s retail arm reported revenue of ₹41,100 crore crore in the September quarter, on par with the revenue reported in the year-ago period but improving from the ₹31,620 crore reported in the June 2020 quarter …

Reliance Jio and more businesses will launch more apps, digital platforms in 2021
4 years, 3 months ago

Reliance Jio and more businesses will launch more apps, digital platforms in 2021

India TV News  

Businesses will further accelerate the pace of their digital activities in 2021 by creating new-age apps and platforms and the world will see this battle ratcheting up in intensity in India led by Reliance Jio Platforms, a new report has said. However, we will see this battle ratcheting up in intensity, especially in India," said Ashutosh Sharma, VP, Research Director. …

After Jio, Reliance Retail is on investors’ shopping list
4 years, 4 months ago

After Jio, Reliance Retail is on investors’ shopping list

Live Mint  

Reliance Retail Ventures Ltd, which raised $1 billion from Silver Lake Partners on Wednesday, is set to draw additional investments worth $5 billion from KKR and Co., Mubadala Investment Co. and Abu Dhabi Investment Authority, two people directly aware of the negotiations said. California-based private equity fund Silver Lake, an investor in Reliance Industries Ltd’s Jio Platforms unit, picked up …

Silver Lake picks 1.75% stake in Reliance Retail for ₹7,500 cr
4 years, 4 months ago

Silver Lake picks 1.75% stake in Reliance Retail for ₹7,500 cr

The Hindu  

Silver Lake Partners, a global major in large scale technology investment, has decided to invest ₹7500 crore in Reliance Retail Ventures Ltd, a subsidy of Reliance Industries Ltd to pick up 1.75% stake on a fully diluted basis. This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio …

Silver Lake to invest ₹ 7,500 crore in Reliance Retail Ventures
4 years, 4 months ago

Silver Lake to invest ₹ 7,500 crore in Reliance Retail Ventures

Live Mint  

Reliance Industries today announced that Silver Lake will invest ₹ 7,500 crore in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries. This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year. Reliance Retail Limited, a subsidiary of RRVL, operates India's largest and …

Private Equity Firm Silver Lake Eyes $1 Billion Stake in Reliance Retail: Report
4 years, 4 months ago

Private Equity Firm Silver Lake Eyes $1 Billion Stake in Reliance Retail: Report

News 18  

New Delhi: US private equity firm Silver Lake Partners is said to be in talks to invest $1 billion in the retail arm of Reliance Industries at a valuation of roughly $57 billion. "Silver Lake is in talks to invest about $1 billion in Mukesh Ambani's Reliance Retail," it said, citing sources. Silver Lake was the first US private equity …

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global
4 years, 5 months ago

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global

India TV News  

Tech giants Facebook and Google - which have invested in Mukesh Ambani's Jio Platforms - are keen on leveraging the partnership to cash in on the fast growing business opportunity in India and expand the learnings to other countries as well. Referring to the investment in Jio Platforms, Facebook CEO Mark Zuckerberg said the partnership "will be to wire up …

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail
4 years, 6 months ago

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail

Live Mint  

After raising more than $20 billion for his digital venture in three months, billionaire Mukesh Ambani is readying his retail unit for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus consumers for growth. Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start …

Jio Platforms raises $4.5 billion from Google
4 years, 6 months ago

Jio Platforms raises $4.5 billion from Google

Live Mint  

Alphabet Inc.’s Google will invest $4.5 billion in Reliance Industries Ltd’s digital unit, joining a list of global backers, including Facebook, seeking to exploit India’s vast and fast-growing market of internet users. The deal will give Google a 7.73% stake in RIL’s Jio Platforms at a valuation of ₹4.43 trillion, marking the US technology giant’s biggest-ever investment in an Indian …

With Jio, Google and Facebook, Mukesh Ambani plots a tech future
4 years, 6 months ago

With Jio, Google and Facebook, Mukesh Ambani plots a tech future

Live Mint  

After securing more than $20 billion in investment from the likes of Google and Facebook Inc., Indian billionaire Mukesh Ambani laid out a vision for his digital venture as he seeks to build a homegrown technology titan that could rival global giants. Outlining plans for Jio Platforms Ltd. at the annual shareholders meeting of his conglomerate Reliance Industries Ltd. on …

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani
4 years, 6 months ago

RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani

Firstpost  

With Google coming on board, Reliance has completed its target of capital raising for Jio Platforms, Ambani said. Following were the key points that emerged from the annual general meeting: Google picks up 7.7 percent stake in Jio Google has agreed to invest Rs 33,737 crore to buy a 7.7 per centstake in Reliance Industries’ technology venture, adding to a …

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India
4 years, 6 months ago

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India

Firstpost  

Google will make optimisations to the Android operating system and the Play Store for the affordable smartphone. At the Reliance AGM Meeting 2020, RIL chairman Mukesh Ambani announced that Google will be picking up 7.7 percent stake in Jio platforms for Rs 33,737 crore. As part of the investment, Google and Jio Platforms have entered into a commercial agreement to …

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake
4 years, 6 months ago

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake

Op India  

Google’s parent company Alphabet Inc has become the latest high-profile organisation to invest in India’s telecom giant Reliance Jio Platforms. Mukesh Ambani, the Chairman of Reliance India chairman on Wednesday confirmed that Google will invest over Rs 33,737, or USD 4.5 billion for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 1,52,000 …

Google to pick 7.7% stake in Jio for ₹33,737 crore
4 years, 6 months ago

Google to pick 7.7% stake in Jio for ₹33,737 crore

The Hindu  

Google has agreed to invest ₹33,737 crore to buy a 7.7% stake in Reliance Industries’ technology venture, adding to a slew of investments since April that has crossed ₹1.52 lakh crore. California-based Alphabet Inc joins Facebook Inc, which opened the investment cycle in Jio Platforms by picking 9.99% stake for ₹43,573.62 crore, as well as chipmaker Intel Corp and Qualcomm …

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More
4 years, 6 months ago

Jio Platforms Key Announcements: Google-Jio's Affordable Smartphone, Jio 5G India's 1st 5G Network and More

News 18  

Reliance Industries Limited is set to host its first ever virtual Annual General Meeting, in light of the Covid-19 pandemic. At RIL AGM 2020, Mukesh Ambani, chairman and managing director of RIL, is set to make key announcements that highlight the performance of the overall RIL family over the past one year, which has been a topsy-turvy year for all …

RIL AGM expected to be technology focused after Jio Platforms fundraise
4 years, 6 months ago

RIL AGM expected to be technology focused after Jio Platforms fundraise

Live Mint  

MUMBAI: The 43rd Reliance Industries Ltd Annual General Meeting will be keenly watched by investors for new announcements on the technology front after having raised a mammoth ₹1.18 lakh crore in 12 weeks from global technology giants and investors. Over the past few years, RIL AGMs have been increasingly marked by announcements of the long term telecom-technology vision for the …

Reliance AGM: Investment from Google, 5G tech, Jio Platforms shine in Mukesh Ambani's speech | 10 points
4 years, 6 months ago

Reliance AGM: Investment from Google, 5G tech, Jio Platforms shine in Mukesh Ambani's speech | 10 points

India Today  

Reliance AGM: Addressing the annual general meeting of of Reliance Industries Limited, Mukesh Ambani today made a slew of announcements ranging from the "success" of JioMeet, bumper investments from Google, Facebook and other global tech giants in Reliance Jio, building an indigenous 5G platform from scratch, to the future of Jio Platforms. We have signed a binding partnership and an …

Qualcomm Ventures commits to invest up to ₹730 cr. in Jio Platforms
4 years, 6 months ago

Qualcomm Ventures commits to invest up to ₹730 cr. in Jio Platforms

The Hindu  

Reliance Industries Ltd. and Jio Platforms Ltd. have announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has committed to invest up to ₹730 crore in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. With this investment, Jio Platforms has raised ₹ 1,18,318.45 crore from leading technology investors including …

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms
4 years, 6 months ago

Qualcomm ventures to invest Rs 730 crore in Reliance's Jio Platforms

India Today  

India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees. The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said in a statement. Although Jio Platforms also …

Qualcomm is the latest US tech name to back India’s Jio Platforms
4 years, 6 months ago

Qualcomm is the latest US tech name to back India’s Jio Platforms

CNN  

Hong Kong CNN Business — India’s richest man isn’t done with his fundraising spree just yet. Jio Platforms, the tech firm owned by billionaire Mukesh Ambani, has won another investment, this time from US chipmaker Qualcomm. The two companies announced Sunday that Qualcomm’s investment arm would pump up to 7.3 billion Indian rupees into Jio, in exchange for an equity …

Jio Platforms raises ₹1.18 lakh cr so far: Here’s how the cheques poured in
4 years, 6 months ago

Jio Platforms raises ₹1.18 lakh cr so far: Here’s how the cheques poured in

Live Mint  

Reliance Industries Limited and Jio Platforms Ltd. announced on Sunday that world's leading wireless technology innovator Qualcomm is committed to invest up to ₹730 crore in Jio Platforms for 0.15% stake in it. 2) On 8 May, US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani's digital unit for ₹11,367 crore. …

Qualcomm Ventures to invest ₹730 cr in Jio Platforms for 0.15% stake
4 years, 6 months ago

Qualcomm Ventures to invest ₹730 cr in Jio Platforms for 0.15% stake

Live Mint  

Qualcomm Ventures, the investment arm of Qualcomm Inc., will invest ₹730 crore for a 0.15% stake in Jio Platforms Ltd, becoming the 12th entity to invest in the digital services subsidiary of Reliance Industries in over three months. Qualcomm offers deep technology know-how and insights that will help us deliver on our 5G vision and the digital transformation of India …

Qualcomm to invest Rs 730 crore in Jio Platforms for 0.15% stake; 13th such investment in 12 weeks
4 years, 6 months ago

Qualcomm to invest Rs 730 crore in Jio Platforms for 0.15% stake; 13th such investment in 12 weeks

Firstpost  

The deal with Qualcomm—the 13th such investment in 12 weeks—takes the total stake that Reliance sold in Jio Platforms to 25.24 percent. Qualcomm Inc, one of the world’s top wireless technology companies, will invest Rs 730 crore in Jio Platforms in exchange for a 0.15 percent stake. Jio Platforms, a unit of Reliance Industries Limited, runs the telecom enterprise Jio …

Proposed Jio-Microsoft JV To Herald A New Age In India's Digital Transformation & Global Leadership
4 years, 6 months ago

Proposed Jio-Microsoft JV To Herald A New Age In India's Digital Transformation & Global Leadership

Live Law  

Reports indicate Microsoft, currently led by India-born CEO Satya Nadella, and Jio Platforms, Reliance India Limited's technology platform lead by Mukesh Ambani are in advanced talks for a deal that could not only be bigger than the recent Jio-Facebook deal but also transform the technology landscape in India. Although there is no clear statement from either company that the deal …

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