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 and strategic investors in just 11 weeks. "After receipt of all requisite approvals, Jio Platforms, a subsidiary of the company, received the subscription amount of Rs 33,737 crore from Google International LLC," RIL said in a stock exchange filing. Google and Jio Platforms will also collaborate to develop "an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store", the two companies had said in July.

India Google Jio Platforms Jio Platforms Google International Google International Llc  773  international  rs  33737  cr  ril  pays  digital  stake  llc  jio  subsidiary  platforms  google

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 …

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 …

Jio eyes new horizons with cheap fiber plan
1 year, 9 months ago

Jio eyes new horizons with cheap fiber plan

Live Mint  

Reliance Industries Ltd’s telecom arm, Reliance Jio Infocomm Ltd, seems to be aiming at market share gains in the wired broadband segment. View Full Image Graphic: Mint As of 31 December, Jio’s subscribers in the wired broadband segment stood at 7.65 million, giving it a market share of 24%. Also, “With a second home broadband connection being a new concept, …

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates
2 years, 8 months ago

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates

News 18  

Reliance Jio, the telecom arm of Reliance Industries Ltd, on Friday reported a net profit of Rs 4,173 crore for the fourth quarter of the 2021-22 financial year that ended on March 31, 2022. A CNBC-TV18 poll had predicted a net profit of Rs 4,400 crore for the quarter under review. India’s largest telecom operator has reported earnings before tax, …

Jio Partners With SES To Provide Satellite-Based Broadband Internet Services Across India
2 years, 11 months ago

Jio Partners With SES To Provide Satellite-Based Broadband Internet Services Across India

News 18  

Jio Platforms Limited and SES have announced a joint venture called Jio Space Technology Limited with the aim to offer affordable broadband services in India leveraging satellite technology. The joint venture will use multi-orbit space networks that is a combination of geostationary and medium earth orbit satellite constellations capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and …

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses
3 years, 6 months ago

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses

News 18  

Reliance Jio and Google have further strengthened their partnership with a bunch of initiatives announced at the 44th Annual General Meeting of Reliance Industries Ltd. This year, the two companies are working together for the super affordable JioPhone Next 4G smartphone and the 5G partnership between Jio and Google Cloud. At the remarks delivered during the RIL AGM, Google and …

Reliance AGM 2021: 'Confident to be the first one to launch full-fledged 5G services', says Mukesh Ambani
3 years, 6 months ago

Reliance AGM 2021: 'Confident to be the first one to launch full-fledged 5G services', says Mukesh Ambani

Firstpost  

Ambani also announced that Jio 5G standalone network have been deployed in data centres and trial sites in Navi Mumbai. At this year’s edition, Reliance Industries Limited chairman, Mukesh Ambani, said that he is confident that Jio will be the “first one to launch full-fledged 5G services in India”. Excited to announce the next steps in our partnership with @RelianceJio …

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai
3 years, 7 months ago

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai

India TV News  

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 is also looking at new opportunities to deploy funds from its USD 10 billion India Digitisation Fund, and will make some announcements later this year," Pichai said …

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-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 …

Jio working on 5G Android phone that may cost less than Rs 5000
4 years, 2 months ago

Jio working on 5G Android phone that may cost less than Rs 5000

India Today  

Reliance Jio is planning to bring in 5G smartphones for less than Rs 5000 after which the company will gradually reduce the price to Rs 2500 to Rs 3000 a unit when it scales up the operation. If this phone is going to be a smartphone, it is almost certain this will run on Android, although instead of using the …

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. …

Reliance Jio Retains Top Spot in Mobile Telcos with 35 Lakh New Customers, Vi Loses 37 Lakh: TRAI
4 years, 3 months ago

Reliance Jio Retains Top Spot in Mobile Telcos with 35 Lakh New Customers, Vi Loses 37 Lakh: TRAI

News 18  

Reliance Jio added over 35 lakh wireless subscribers to its mobile network in July 2020, while Vi, which rebranded from the erstwhile Vodafone-Idea, lost 37 Lakh subscribers, noted the Telecom Regulatory Authority of India’s monthly report. According to TRAI, Vi is still the third largest telco in India with a market share of 26.34 percent, behind Bharti Airtel and ahead …

Reliance Jio working on smartphones for Rs. 4,000 by 2020
4 years, 3 months ago

Reliance Jio working on smartphones for Rs. 4,000 by 2020

India TV News  

Reliance Jio is expected to launch its first-ever smartphone in the affordable price segment for a while now. 4,000 It is suggested that Jio is aiming to manufacture 200 million smartphones by 2022, suggesting that it will launch its first smartphone in about two years. The aim to make 200 million smartphones instead of 100 million will also help boost …

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 …

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 Industries shares rise over 2% ahead of 43rd AGM
4 years, 6 months ago

Reliance Industries shares rise over 2% ahead of 43rd AGM

India Today  

Shares of Reliance Industries Limited rose by over two per cent ahead of the company’s 43rd Annual General Meeting. India’s most valuable stock surged over 1 per cent in morning trade and has been climbing steadily as investors gear up for announcements in the AGM. Besides, RIL Chairman Mukesh Ambani is likely to speak on the future roadmap after 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 …

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 …

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 …

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people
4 years, 6 months ago

Mukesh Ambani, Asia’s wealthiest man, is now among the world’s ten richest people

CNN  

New York CNN Business — Asia’s richest man, Mukesh Ambani, is now among the world’s top 10 wealthiest people. Under Ambani’s leadership, Reliance has grown from an oil and energy company into a sprawling conglomerate that includes retail shops, a mobile and broadband carrier, digital platforms and more. This new milestone comes shortly after Ambani amassed more than $16.5 billion …

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest
4 years, 6 months ago

Reliance CEO gets $1.5 billion from Saudi Arabia for his Jio war chest

CNN  

San Francisco CNN Business — In less than two months, Indian billionaire Mukesh Ambani has amassed more than $15 billion in investments to fuel his technology ambitions fromthe likes of Facebook and top Silicon Valley investors Silver Lake and TPG. The kingdom’s sovereign wealth fund, the Public Investment Fund, will pay $1.5 billion for a 2.3% stake in Jio Platforms, …

Facebook-Jio deal under competition panel’s review to prevent data misuse
4 years, 6 months ago

Facebook-Jio deal under competition panel’s review to prevent data misuse

Live Mint  

India’s antitrust watchdog is reviewing Facebook Inc.’s purchase of a 10% stake in Reliance Industries Ltd.’s digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing internet markets. Peculiarities such as “strong network effects, high returns to scale and access to a huge amount of data” may incentivize digital firms to …

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 …

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 …

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