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 before its target date. This is KKR's largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis. This is KKR's largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis," the company said in a statement. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.

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History of this topic

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

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

Live Mint  

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

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

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

Hindustan Times  

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

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

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

Hindustan Times  

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

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

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

India TV News  

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

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

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

Live Mint  

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

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 …

Jio Financial Services Ltd share listing date today. What GMP, experts signal
1 year, 4 months ago

Jio Financial Services Ltd share listing date today. What GMP, experts signal

Live Mint  

Jio Financial Services Ltd share listing date has been fixed on 21st August 2023 i.e. Meanwhile, on JFSL listing date, grey market has started dropping hint about the kind of opening Jio Financial Services share price may have. In case of weak opening, we may see the much awaited Jio Financial Services opening around ₹300 apiece levels whereas in case …

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 …

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 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 …

Mukesh Ambani steps down as Reliance Jio's director, son Akash appointed chairman
2 years, 6 months ago

Mukesh Ambani steps down as Reliance Jio's director, son Akash appointed chairman

India Today  

Mukesh Ambani has resigned as director of Reliance Jio effective from June 27 and handed over the reins of the company to his elder son Akash. In a stock exchange filing, Reliance Jio said the company's board at a meeting approved the appointment of Akash Ambani, non-executive director, as chairman of the board of directors of the company. The board …

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

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

Live Mint  

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

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 …

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 …

General Atlantic to invest ₹3675 crore in Reliance Retail Ventures
4 years, 3 months ago

General Atlantic to invest ₹3675 crore in Reliance Retail Ventures

Live Mint  

Global equity firm, General Atlantic will invest ₹3,675 crore into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries, for a 0.84% stake, Reliance Industries said today. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “Like Reliance Retail, General Atlantic believes in the fundamental ability of digital enablement to drive progress, growth, and inclusion across India and the …

General Atlantic to Invest Rs 3,675 Crore in Reliance Retail as RIL Seals Third Mega Deal This Month
4 years, 3 months ago

General Atlantic to Invest Rs 3,675 Crore in Reliance Retail as RIL Seals Third Mega Deal This Month

News 18  

American investment firm General Atlantic will invest Rs 3,675 crore in the retail unit of Reliance Industries Ltd, the Indian conglomerate said on Wednesday, bringing the total funding in Reliance Retail to over Rs 16,000 crore within a month. General Atlantic will pick up a 0.84 per cent stake in exchange and the investment values Reliance Retail at a pre-money …

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

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

News 18  

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

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

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

Live Mint  

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

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

Jio Platforms raises $4.5 billion from Google

Live Mint  

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

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

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

Live Mint  

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

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

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

Firstpost  

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

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

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

Firstpost  

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

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

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

Op India  

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

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

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

The Hindu  

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

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, …

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 …

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 …

Abu Dhabi Fund Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms
4 years, 7 months ago

Abu Dhabi Fund Mubadala to invest Rs 9,000 cr in Mukesh Ambani's Reliance Jio Platforms

India TV News  

Mukesh Ambani-owned Reliance Jio Platforms got its sixth investor as Abu Dhabi-based sovereign investor will buy 1.85 per cent stake in Jio Platforms for Rs 9,093.6 crore, RIL said on Friday. With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, …

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 …

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