Tag: Jio Platforms

New Delhi: US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday. “This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh […]

New Delhi: Reliance Industries 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. This is KKR’s […]

Mumbai: Reliance Industries Ltd on Friday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading […]

New Delhi: Jio Platforms has crossed Rs 1 lakh crore in the largest continuous funds raise by a company anywhere in the world with an unprecedented ninth investment in seven weeks with TPG Capital buying 0.93 per cent equity for Rs 4,547 crore. This is an unprecedented ninth investment in Jio Platforms in seven weeks […]

Mumbai: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fundraising in under two months. In a statement, RIL Chairman Mukesh Ambani said: “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of […]