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 focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Henry Kravis, Co-Founder and Co-CEO of KKR, said, “Few companies have the potential to transform a country’s digital ecosystem in the way that Jio Platforms is doing in India, and potentially worldwide. We are investing behind Jio Platforms’ impressive momentum, world-class innovation and strong leadership team, and we view this landmark investment as a strong indicator of KKR’s commitment to supporting leading technology companies in India and Asia Pacific.” Founded in 1976, KKR has a long history of building leading global enterprises and successfully investing in businesses in the technology sector, including BMC Software, ByteDance and GoJek through its private equity and technology growth funds.

Technology India Digital Jio Reliance Industries Platforms Kkr Jio Platforms  technology  platforms  leading  companies  crore  jio  equity  stake  232  digital  buy  kkr  india  11367

History of this topic

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer
1 month ago

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The Hindu  

The initial public offering of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. The Retail Individual Investors part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers received a mere 2 per cent subscription. …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
1 month ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription
1 month ago

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription

Live Mint  

MobiKwik IPO: One Mobikwik Systems Limited raised nearly ₹257 crore from anchor investors ahead of its IPO subscription opening for bidding tomorrow. MobiKwik Ltd allocated 92.26 lakh equity shares to 21 funds at ₹279 apiece in the anchor round, the upper end of the price band. MobiKwik IPO details MobiKwik Systems is poised to raise ₹572 crore through its IPO, …

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 …

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 gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout
1 year, 5 months ago

Reliance Jio gets $2.2 bn fund support from Swedish export credit agency to finance 5G rollout

India TV News  

The country's largest telecom player Reliance Jio has received a USD 2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries' annual report. "RJIL tied up its first-ever Swedish Export Credit Agency supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for …

KKR to buy majority stake in Leap India in Asia infra push
1 year, 5 months ago

KKR to buy majority stake in Leap India in Asia infra push

Live Mint  

BENGALURU : KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The transaction will also bolster KKR’s infrastructure bets in India that include investments in a decarbonization platform, renewable energy companies, and highways and …

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 …

RIL-Jio Financial demerger could give tough competition to existing NBFC players
1 year, 5 months ago

RIL-Jio Financial demerger could give tough competition to existing NBFC players

Live Mint  

The demerger of Jio Financial Services from diversified conglomerate Reliance Industries will create a non-banking financial behemoth with a size of approximately ₹1.5 lakh crore which could pose a tough challenge to existing non-banking financial companies, according to experts. "Keeping in mind the track record of Reliance Industries of disrupting the businesses it has entered in the past, we believe …

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 …

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 …

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 among TIME 100 most influential companies
3 years, 8 months ago

Jio Platforms among TIME 100 most influential companies

India TV News  

Jio Platforms is among the most influential companies in the world, according to the 2021 TIME 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. TIME said that as users of his company's signature app nearly doubled to 80 million …

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 …

​Kalyan Jewellers IPO to Open Today; Things to Know Before Bidding
3 years, 10 months ago

​Kalyan Jewellers IPO to Open Today; Things to Know Before Bidding

News 18  

Kalyan Jewellers will open its three-day initial public offering worth Rs 1,175 crore on Tuesday and will conclude it on Thursday. The public offering consists of a fresh issue worth Rs 800 crore and an offer for sale worth Rs 375 crore. Public Issue: The IPO comprises a fresh issue worth Rs 800 crore and an offer for sale of …

Koo Highlights Indian Investment In Made In India Social Media Network, As Chinese Investors Exit
3 years, 11 months ago

Koo Highlights Indian Investment In Made In India Social Media Network, As Chinese Investors Exit

News 18  

Indian social media platform Koo is playing up the Indian investment and has said that more Indian entrepreneurs are investing the company. The company also says that there has been a slew of Indian investment in the social media platform, that has caught the attention, over the past few weeks as the Indian government’s feud with Twitter continues. Koo, founded …

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 …

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. …

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 …

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr
4 years, 3 months ago

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr

Live Mint  

Mukesh Ambani’s fundraising spree shows no signs of slowing. On Wednesday, Reliance Industries Ltd said it has raised ₹5,550 crore by selling a 1.28% stake in its retail business to US private equity firm KKR and Co., as India’s most valuable company creates a war chest for its push into e-commerce. Sarvesh Kumar Sharma/Mint “We look forward to working with …

Reliance Deal Spree Explained in 10 Points as KKR Buys Stake in Retail Business for Rs 5,550 Crore
4 years, 3 months ago

Reliance Deal Spree Explained in 10 Points as KKR Buys Stake in Retail Business for Rs 5,550 Crore

News 18  

Reliance Industries Ltd, India’s largest conglomerate, has raised Rs 1.65 lakh crore over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures. Here are 10 facts about the Reliance deal spree: – On Wednesday, the company announced a Rs 5,550 crore investment from KKR & Co Inc in its …

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 …

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake
4 years, 3 months ago

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake

The Hindu  

September 23, 2020 08:56 am | Updated 09:25 am IST - MUMBAI Investment firm KKR has decided to invest ₹5,550 crore in Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, for a 1.28% stake, RIL said in a filing with stock exchanges. Reliance Retail Ltd, a subsidiary of RRVL, operates India’s largest, fastest growing retail business serving close …

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 …

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 …

KKR raises record $16 billion with Asia Funds driving demand
4 years, 5 months ago

KKR raises record $16 billion with Asia Funds driving demand

Live Mint  

KKR & Co attracted a record amount of cash in the second quarter as investors looked to capitalize on the turmoil unleashed by the Covid-19 pandemic. The New York-based alternative asset manager raised $16.4 billion, it said Tuesday, surpassing its previous peak from the fourth quarter of 2017. Some private equity firms are bringing in money at a rapid clip …

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 …

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 …

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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