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 Platforms on a fully diluted basis,” RIL said in a release on Friday. pic.twitter.com/4akDVee272 — CNBC-TV18 May 22, 2020 Prior to this, General Atlantic on 18 May said it will buy 1.34 percent stake in Jio Platforms for Rs 6,598.38 crore, while Vista Equity Partners said on 8 May it will be picking up a 2.32 percent stake for Rs 11,367 crore. 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.” 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 Equity Investment Crore Platforms Stake Kkr Ril Reliance Jio Invest Rs Jio Platforms Deal Reliance Jio Fifth Deal Deal Reliance  invest  rs  kkr  platforms  technology  crore  stake  india  cr  equity  investment  month  fifth  deal  reliance  jio

History of this topic

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 …

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 …

Reliance Jio Q3 net profit surges 12.2 per cent to Rs 5,208 crore, revenue rises 10.3 per cent to Rs 25,368
11 months, 4 weeks ago

Reliance Jio Q3 net profit surges 12.2 per cent to Rs 5,208 crore, revenue rises 10.3 per cent to Rs 25,368

India TV News  

India's largest telecom operator, Reliance Jio, reported a 12.2 per cent increase in its net profit for the December quarter, reaching Rs 5,208 crore. Jio's revenue from operations also showed positive growth, rising by 10.3 per cent to Rs 25,368 crore in the third quarter, compared to Rs 22,998 crore in the year-ago period. The company's earnings before interest, taxes, …

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 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 …

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter
1 year, 2 months ago

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter

Live Mint  

Shares of Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the …

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities
1 year, 2 months ago

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities

Live Mint  

Here are the top stocks that could be in focus in today's trade: HDFC Bank: HDFC Bank Ltd on Monday reported a 51% jump in profit in the September quarter, beating analysts’ estimates, on higher other income and lower provisions. The bank saw net profit rise to ₹15,976 crore in the quarter that ended 30 September from ₹10,605 crore in …

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 share price volatile ahead of 46th AGM
1 year, 4 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock
1 year, 4 months ago

RIL shares volatile as all eyes on 46th AGM; experts positive on the stock

Live Mint  

A day after suffering a loss of 1.50 per cent, shares of Reliance Industries traded volatile in the morning trade on BSE on Tuesday, August 22 as investors fix their eyes on the company's 46th Annual General Meeting on Monday, August 28 at 2:00 pm. Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, the demerged financial arm …

Jio Financial Services hits 5% lower circuit after listing. Here's why
1 year, 4 months ago

Jio Financial Services hits 5% lower circuit after listing. Here's why

India Today  

Shares of Jio Financial Services, the demerged financial arm of Reliance Industries Limited, hit a 5 per cent lower circuit on the stock exchanges. Jio Financial Services, the demerged financial arm of Reliance Industries, made its stock market debut at Rs 262 per share on the National Stock Exchange and Rs 265 on the Bombay Stock Exchange. However, shares of …

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 …

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore
1 year, 5 months ago

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore

ABP News  

Mukesh Ambani-led Reliance Industries' telecom arm Reliance Jio on Friday posted over 12 per cent rise in net profit to Rs 4,863 crore in the June 2023 quarter, the company said in a regulatory filing. Jio's revenue from operations increased by 9.9 per cent to Rs 24,042 crore during the reported quarter from Rs 21,873 crore in the June 2022 …

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 Financial demerger defies all bets, JFSL valued at ₹261.85/share
1 year, 5 months ago

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Hindustan Times  

The Mukesh Ambani-led Reliance Industries Limited on Thursday demerged its financial section Jio Financial Services Limited at a 1:1 ratio. After the special pre-opening session by the National Stock Exchange, RIL was valued at ₹2,580 and JFSL at ₹261.85 per share, much higher than what analysts predicted. Reliance Industries Limited logo On the Bombay Stick Exchange, which also conducted a …

Jio Financial Services Valued At $20 Billion, Above Estimates
1 year, 5 months ago

Jio Financial Services Valued At $20 Billion, Above Estimates

ABP News  

Jio Financial Services has been valued at around $20 billion after its stock price was set at a much higher-than-expected Rs 261.85 in its demerger from Mukesh Ambani-led Reliance Industries. According to Reuters, the demerger, which was announced last October, is seen as oil-to-retail conglomerate Reliance's way of expanding in the lucrative financial services sector, especially as it already has …

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 …

Here’s all you need to know about Reliance- Jio financial services demerger
1 year, 5 months ago

Here’s all you need to know about Reliance- Jio financial services demerger

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries, India's largest company in terms of market value, completed its demerger from its parent company at a price of Rs 261.85 per share as against the street expectations between 160-190 per share. Shares of Reliance Industries opened at Rs 2,580 apiece, ex-Jio Financial Services on Thursday trade as against the previous …

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 …

RIL share price opens at ₹2,580 after Jio Financial demerger
1 year, 5 months ago

RIL share price opens at ₹2,580 after Jio Financial demerger

Live Mint  

Reliance Industries - JIO financial Services Demerger: Reliance Industries share price opened at ₹2,580 per share ex-Jio Financial Services after the special pre-open call auction session on the stock exchanges Thursday. Meanwhile, the Jio Financial Services share price was valued at ₹261.85 per share after the pre-opening session. Analysts at JP Morgan had said that the implied value for Jio …

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE
1 year, 5 months ago

Reliance-JFSL demerger: Jio Financial Services shares to list at ₹273 on NSE

Live Mint  

Reliance-JFSL demerger: The Jio Financial Services share price would list on the National Stock Exchange at ₹273 per share. This calculation came after Reliance share price settling on NSE at ₹2,580 per share in special pre-open session on Thursday as the RIL stock had ended at ₹2,853 apiece on NSE. Speaking on Jio Financial Services share price listing after cost …

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 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 …

Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue
2 years, 8 months ago

Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue

India Today  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. Consolidated revenue of the nation's biggest company by market value rose 35 per cent year-on-year to …

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, …

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 …

Reliance Industries shares maintain winning run for 7th day; M-cap crosses ₹ 14 lakh crore mark
3 years, 7 months ago

Reliance Industries shares maintain winning run for 7th day; M-cap crosses ₹ 14 lakh crore mark

The Hindu  

Shares of Reliance Industries Ltd extended its rally for the seventh consecutive day on Thursday and its market valuation crossed the Rs 14 lakh crore mark. After record fundraising and debt prepayments, Reliance Industries now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines - telecom arm Jio, retail and oil-to-chemicals …

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth
3 years, 7 months ago

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth

India TV News  

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- …

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-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 …

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 …

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake
4 years, 3 months ago

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake

Live Mint  

Abu Dhabi Investment Authority will invest ₹ 5,512.50 crore in Reliance Retail Ventures Ltd for a 1.2% stake in the Reliance Industries subsidiary. “Reliance Retail’s vision is to galvanize the Indian retail sector through an inclusive strategy …Reliance Retail, through its new commerce strategy, has started a transformational digitalization of small and unorganised merchants and is committed to expanding the …

Abu Dhabi's Sovereign Fund ADIA to Invest Rs 5,512.5 Crore in Reliance Retail for 1.2% Stake
4 years, 3 months ago

Abu Dhabi's Sovereign Fund ADIA to Invest Rs 5,512.5 Crore in Reliance Retail for 1.2% Stake

News 18  

Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, on Monday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four weeks. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.285 lakh crore. Reliance Retail Ltd, a …

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 …

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 …

News18 Afternoon Digest: IMD Warns of Flooding in Mumbai, Reliance Retail Closes Another Deal and Other Top Stories
4 years, 3 months ago

News18 Afternoon Digest: IMD Warns of Flooding in Mumbai, Reliance Retail Closes Another Deal and Other Top Stories

News 18  

IMD Warns of Flooding in Mumbai as Intense Rainfall Leads to Waterlogging, Trains Cancelled Mumbai received one of the heaviest showers in the last 24 hours of this monsoon season and more rainfall is likely in the city and suburbs today, the Met Department has said. The Santacruz observatory received 286.4 mm showers during the 24-hour period ending at 8:30 …

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 …

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 …

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