L Catterton becomes tenth investor in Jio Platforms, picks 0.39% stake for Rs 1,894.5 crore; RIL's digital arm raises 1.04 lakh crore in seven weeks
4 years, 7 months ago

L Catterton becomes tenth investor in Jio Platforms, picks 0.39% stake for Rs 1,894.5 crore; RIL's digital arm raises 1.04 lakh crore in seven weeks

Firstpost  

L Catterton, a consumer-focused private equity firm, picked 0.39 percent stake in Jio Platforms with an investment of Rs 1,894.50 crore, becoming the tenth investor in the Reliance Industries Limited’s digital arm in seven weeks L Catterton, a consumer-focused private equity firm, picked 0.39 percent stake in Jio Platforms with an investment of Rs 1,894.50 crore, becoming the tenth investor in the Reliance Industries’s digital arm in seven weeks. The investment by L Catterton, which has made more than 200 investments in consumer brands, in Jio Platforms is at an equity valuation of Rs 4.91 lakh crore and an enterprise valuation of Rs 5.16 lakh crore. Earlier today, RIL had announced an investment of Rs 4,546.80 crore by private equity firm TPG for a 0.93 percent stake in Jio Platforms. I particularly look forward to gaining from L Catterton’s invaluable experience in creating consumer-centric businesses because technology and consumer experience need to work together to propel India to achieving digital leadership.” Michael Chu, Global Co-CEO of L Catterton, said, “Over our more than 30 year history, we have established a track record of building many of the most important brands across all consumer categories and geographies, from retailers, omni-channel and digitally native brands.

India Investment Digital Reliance Industries Crore Stake Ril Jio Platforms Seven Weeks L Catterton Catterton Tenth Investor  stake  rils  investments  seven  digital  tenth  l  crore  catterton  raises  rs  picks  investment  weeks  jio  platforms

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 …

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 …

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz
1 year, 2 months ago

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz

Live Mint  

Reliance Industries Q2 Results Highlights: Billionaire Mukesh Ambani-led Reliance Industries announced its July-September quarter results for fiscal 2023-24, reporting a rise of 27 per cent in consolidated net profit at ₹17,394 crore, compared to ₹13,656 crore in the corresponding period last year. Reliance Industries Q2 Earnings Live: RIL's media biz Revenue from operations for the segment grew 20.4 per cent …

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 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 …

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 …

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 …

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
4 years, 3 months ago

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

India TV News  

Reliance Industries Ltd has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today. In a regulatory filing, Reliance Industries said: "Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings …

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr
4 years, 3 months ago

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr

News 18  

The retail arm of the Reliance Industries Limited’s has raised Rs 32,197.50 crore in exchange of 7.28 per cent consolidated stakes spread across seven mega deals in less than a month. The Reliance Retail Venture Ltd received investment from half a dozen global firms including Silver Lake, KKR, General Atlantic, Mubadala. On September 23, the RIL announced Rs 5,550 crore …

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail
4 years, 3 months ago

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail

News 18  

Reliance Industries share price gained 3 per cent in early trade on September 23 after the announcement that global investment firm KKR will invest Rs 5,550 crore in the company’s retail subsidiary Reliance Retail for a 1.28 per cent stake. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in …

Reliance Retail-KKR Deal: Here's What You Need to Know About Rs 5,550 Crore Investment in 5 Points
4 years, 3 months ago

Reliance Retail-KKR Deal: Here's What You Need to Know About Rs 5,550 Crore Investment in 5 Points

News 18  

American buyout firm KKR & Co has said that it will invest Rs 5,550 crore in Reliance Retail, giving the unit a pre-money valuation of Rs 4.21 lakh crore, the Indian conglomerate said on Wednesday. This is the second big investment in Reliance Retail in a span of two weeks, after private equity giant Silver Lake Partners said that it …

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 …

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 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 …

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 …

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 …

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 …

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
4 years, 6 months ago

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm

Firstpost  

The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Becoming the 12th firm in less than three months to invest in Jio Platforms, the American multinational company Intel plans to pump in Rs 1,894.50 crore in the Reliance Industries digital arm that will translate into …

Intel-Reliance Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake
4 years, 6 months ago

Intel-Reliance Jio Deal: US semiconductor giant invests Rs 1,894.5 crore in Jio Platforms for 0.39% stake

India TV News  

Mukesh Ambani-led Reliance Industries on Friday announced that American multinational company Intel will invest Rs 1894.50 crore in Jio Platforms, making it the twelfth high-profile investment in the digital arm of RIL within eleven weeks. The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With …

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times
4 years, 6 months ago

Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times

Firstpost  

RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio and another Rs 53,124.20 crore from a rights issue. With the Reliance Industries-owned Jio Platforms securing record investments from 11 of the world’s top financial investors within a span of nine weeks, the energy to telecom major announced on Friday …

TPG picks 0.93% stake in Jio platforms for Rs 4,546.80 crore; Reliance unit's total fundraising reaches 1.02 lakh crore
4 years, 7 months ago

TPG picks 0.93% stake in Jio platforms for Rs 4,546.80 crore; Reliance unit's total fundraising reaches 1.02 lakh crore

Firstpost  

Global alternative asset firm TPG has bought 0.93 percent stake in Jio Platforms for Rs 4,546.80 crore. With this, Jio Paltofrms, a wholly-owned subsidiary of Reliance Industries, has raised Rs 1.02 lakh crore from global technology investors, the company said in a statement. Since April, Jio Platforms has attracted investments from leading global technology investors including Facebook, Silver Lake, Vista …

Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments
4 years, 7 months ago

Jio Platforms sell 1.32% stake to TPG, L Catterton; raises Rs 1.04 lakh cr from global investments

India TV News  

Global private investment firm TPG has bought 0.93 per cent stake in billionaire Mukesh Ambani's digital arm Jio Platforms for Rs 4,546.80 crore, Jio informed on Saturday. L Catterton's investment will translate into a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis. With these investments, Jio Platforms has raised Rs 1.04 lakh crore from leading …

Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent
4 years, 7 months ago

Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent

Firstpost  

The deal adds to a pile of funds raised by Jio in recent months and comes close on the heels of Abu Dhabi sovereign fund Mubadala Investment Company injecting Rs 9,093.6 crore on 4 June. Private equity firm Silver Lake has invested an additional Rs 4,546.80 crore in Jio Platforms to raise its stake in the Reliance Industries’ digital arm …

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 …

Reliance Industries shares hit record high after another Jio deal
4 years, 7 months ago

Reliance Industries shares hit record high after another Jio deal

Deccan Chronicle  

New Delhi: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala. Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to …

Reliance Jio gets Rs 87,655 crore investment in 6 weeks. Here's a timeline
4 years, 7 months ago

Reliance Jio gets Rs 87,655 crore investment in 6 weeks. Here's a timeline

India TV News  

Mukesh Ambani's Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. Here is a timeline of Reliance Jio 's recent investments April 22 -- Facebook -- Mark Zuckerburg's Facebook announced an investment worth Rs 43,574 crore in Reliance Jio. May 22 -- KKR -- KKR announced 11,367 crore investment in Jio platforms for …

RIL rights issue receives overwhelming response, raises over Rs 84,000 crore
4 years, 7 months ago

RIL rights issue receives overwhelming response, raises over Rs 84,000 crore

India Today  

Reliance Industries Limited’s mega rights issue has received an overwhelming response from investors and helped the company raise over Rs 84,000 crore. Commenting on the success of the rights issue, RIL Chairman Mukesh Ambani said, “I express my sincere thanks to our dear and esteemed shareholders for participating in this rights issue and making it a new and proud landmark …

KKR will invest Rs 11,367 cr into Reliance Jio Platforms: Key takeaways from the deal with global PE firm
4 years, 7 months ago

KKR will invest Rs 11,367 cr into Reliance Jio Platforms: Key takeaways from the deal with global PE firm

Firstpost  

KKR will invest Rs 11,367 crore into Jio Platforms: Key takeaways from the deal with global PE firm Global private equity firm KKR has invested Rs 11,367 crore in Reliance Industries’ Jio Platforms for a 2.32 percent stake. Here are the 5 key things about the deal: KKR will invest Rs 11,367 crore into Jio Platforms, which translates into a …

Reliance strikes 5th deal, sells 2.32% in Jio Platforms for Rs 11,367 cr to US PE giant KKR
4 years, 7 months ago

Reliance strikes 5th deal, sells 2.32% in Jio Platforms for Rs 11,367 cr to US PE giant KKR

Firstpost  

KKR is making the investment from its Asia private equity and growth technology funds. This is KKR’s largest investment in Asia and will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis,” the company said in a statement. “Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and …

Mukesh Ambani's Reliance Jio gets 5th deal, KKR to invest Rs 11,367 crore for 2.32% stake
4 years, 7 months ago

Mukesh Ambani's Reliance Jio gets 5th deal, KKR to invest Rs 11,367 crore for 2.32% stake

India TV News  

Reliance Industries Limited's Jio Platforms Limited, India's leading digital services platform, on Friday announced the sale of a 2.32 per cent stake in its digital unit 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 well …

KKR to buy 2.32% stake in Jio Platforms for ₹11,367 crore
4 years, 7 months ago

KKR to buy 2.32% stake in Jio Platforms for ₹11,367 crore

The Hindu  

Private equity major KKR has agreed to buy 2.32% stake in Reliance Industries wholly owned digital subsidiary Jio Platforms Limited for ₹11,367 crore, making KKR's largest investment in Asia. We are looking forward to leveraging KKR’s global platform, industry knowledge and operational expertise to further grow Jio.” Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform …

KKR to invest Rs 11,367 cr in Reliance Jio for 2.32% stake, fifth deal in less than a month
4 years, 7 months ago

KKR to invest Rs 11,367 cr in Reliance Jio for 2.32% stake, fifth deal in less than a month

Firstpost  

With the latest deal, Reliance Jio Platforms will get a combined Rs 78,562 crore from the five investments. Reliance Industries Limited on Friday announced that private equity firm KKR will invest Rs 11,367 crore in Jio Platforms for a 2.32 percent stake. This is KKR’s largest investment in Asia and will translate into a 2.32 percent equity stake in Jio …

Reliance Jio sells 1.34% stake to General Atlantic for Rs 6,598 crore, in fourth such stake sale in four weeks
4 years, 7 months ago

Reliance Jio sells 1.34% stake to General Atlantic for Rs 6,598 crore, in fourth such stake sale in four weeks

Firstpost  

Jio Platforms on Sunday announced that it has sold a 1.34 percent stake to New York-based private equity firm General Atlantic for nearly Rs 6,600 crore, making it the fourth such stake sale in the last four weeks. Following is the full text of a media release issued by Reliance Industries Limited and Jio Platforms Limited in this regard: Jio …

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment
4 years, 8 months ago

Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment

Firstpost  

Unlike traditional mobile carriers which depend on voice services to make money, Ambani has pitched Jio as a trailblazer tech company by offering cheap mobile data plans that helped hundreds of millions of Indians use the internet for the first time New Delhi: Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a …

Jio Platforms-Vista Equity deal: All you need to know about RIL's latest high-profile investor
4 years, 8 months ago

Jio Platforms-Vista Equity deal: All you need to know about RIL's latest high-profile investor

Firstpost  

The latest round of investment by Vista values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Reliance Industries on Friday announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in Jio Platforms for Rs 11,367 crore, making it the third high profile …

India’s Jio Platforms lands $1.5 billion from Vista Equity, marking 3 big investments in 3 weeks
4 years, 8 months ago

India’s Jio Platforms lands $1.5 billion from Vista Equity, marking 3 big investments in 3 weeks

CNN  

Hong Kong CNN Business — Another week brings another massive injection of cash for India’s biggest tech and telecom firm. US investment firm Vista Equity is pumping nearly 114 billion rupees into Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s sprawling conglomerate Reliance Industries. Facebook invested $5.7 billion in Jio Platforms in late April and private equity …

Silver Lake invests ₹5,656 cr. in Jio
4 years, 8 months ago

Silver Lake invests ₹5,656 cr. in Jio

The Hindu  

U.S. private equity firm Silver Lake has agreed to invest ₹5,655.75 crore in Jio Platforms Ltd., representing a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. We are excited to leverage insights from their global technology relationships for the Indian digital society’s transformation.” With approximately $40 billion in combined assets under management Silver …

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
4 years, 8 months ago

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

Firstpost  

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 Silver Lake - one of the world’s largest tech investors - on Monday agreed to invest Rs 5,655.75 crore to buy …

Silver Lake to invest in Reliance Jio: RIL is systematically bringing down debt getting strategic partners, says Edelweiss
4 years, 8 months ago

Silver Lake to invest in Reliance Jio: RIL is systematically bringing down debt getting strategic partners, says Edelweiss

Firstpost  

Reliance Industries today said that private equity firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio Platforms, giving the technology subsidiary an equity value of Rs 4.9 lakh crore. The week before last Facebook said it would invest Rs 43,574 crore in Jio Platforms for a 9.99 percent stake. He adds, Reliance is excited to leverage insights from …

Reliance Industries shares fall over 3% after Q4 earnings; Silver Lake to invest Rs 5,655.75 cr in Reliance Jio
4 years, 8 months ago

Reliance Industries shares fall over 3% after Q4 earnings; Silver Lake to invest Rs 5,655.75 cr in Reliance Jio

Firstpost  

New Delhi: Shares of Reliance Industries on Monday fell over 3 percent after the company posted its biggest drop in quarterly net profit. The firm’s net profit in January-March fell 37 percent to Rs 6,546 crore, the lowest in three years, as a rise in consumer-facing business was not enough to shield the firm from fall in the petrochemical business. …

Reliance Jio lands cash infusion from US private equity firm Silver Lake
4 years, 8 months ago

Reliance Jio lands cash infusion from US private equity firm Silver Lake

CNN  

Hong Kong CNN Business — India’s biggest tech and telecom firm just got a big cash injection from Silver Lake, the US private equity firm with a winning track record of placing big bets on promising tech giants. Silver Lake is pumping 56.6 billion rupees into Jio Platforms, the digital technology arm of Indian billionaire Mukesh Ambani’s sprawling conglomerate Reliance …

Reliance Jio-Facebook $5.7 bn partnership: Mark Zuckerberg-led social media firm to get deeper access to India; deal to help reduce RIL debt burden
4 years, 8 months ago

Reliance Jio-Facebook $5.7 bn partnership: Mark Zuckerberg-led social media firm to get deeper access to India; deal to help reduce RIL debt burden

Firstpost  

Facebook has bought a 9.9 percent stake in Reliance Jio in a multinational-dollar deal. The deal will help reduce RIL’s debt burden, which bulged due to the breakneck expansion of Jio and other businesses. After Rs 43,574 crore deal between Facebook and Jio, the investment values Jio Platforms among the top-5 listed firms in India by market capitalisation. This investment …

Reliance Jio-Facebook deal: Mark Zuckerberg shares 'excitement' over $5.7 bn partnership, says committed to connecting more people with Jio
4 years, 8 months ago

Reliance Jio-Facebook deal: Mark Zuckerberg shares 'excitement' over $5.7 bn partnership, says committed to connecting more people with Jio

Firstpost  

The multibillion-dollar deal gives the Facebook a firm foothold in a fast-growing massive market and helps the Reliance Jio, the Indian oil-to-telecom conglomerate to significantly cut debt. The multibillion-dollar deal gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian the oil-to-telecom conglomerate to significantly cut debt. The investment values Jio Platforms amongst …

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts
4 years, 8 months ago

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts

Firstpost  

New Delhi: Facebook’s move to pick up about 10 percent stake in Jio Platforms will accelerate Jio’s digital monetisation drive and put Reliance Industries on course to turn net debt-free by March 2021, analysts said on Wednesday. “Today we are announcing a $5.7 billion, or Rs 43,574 crore, investment in Jio Platforms Ltd, part of Reliance Industries Ltd, making Facebook …

Diversification pays off handsomely for RIL, as Reliance Jio befriends Facebook
4 years, 8 months ago

Diversification pays off handsomely for RIL, as Reliance Jio befriends Facebook

Live Mint  

"Henry Ford never diversified; Bill Gates didn't diversify. The company announced on Wednesday that it has entered into a binding agreement with Facebook, Inc. for the sale of a 9.99% equity stake in subsidiary Jio Platforms Ltd for ₹43,574 crore. Ltd say, “Valuations suggest that Facebook expects Jio's Ebitda to double from current levels.” In any case, the moot point …

Discover Related