Reliance Industries
Intel to Invest $255 Million in Reliance’s Jio Pla...
Intel Corp’s investment arm will pay some $255 million for a small stake in Reliance Industries Ltd’s digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerat...
July 3, 2020
2:30 pm By Neha Mule
Reliance Says TPG and L Catterton to Invest $847 Mil...
Indian oil-to-telecoms conglomerate Reliance Industries raised a total of 64.4 billion Indian rupees ($847 million) from the sale of two stakes in its digital unit Jio Platforms, the group said on Saturday.
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June 15, 2020
5:42 am By Neha Mule
Abu Dhabi Investment Authority Invests $752 Million ...
Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).
Source: Official Facebook Page of ...
June 8, 2020
6:03 am By Neha Mule
Reliance to Launch JioMart, an Online Grocery Servic...
Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart Inc’s Flipkart in the...
May 25, 2020
7:13 am By Neha Mule
KKR to Invest $1.5 Billion in India’s Reliance Jio...
KKR & Co Inc will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a m...
May 22, 2020
7:59 am By Neha Mule
Reliance to Sell $750 Million Stake in Unit to Silve...
India’s Reliance Industries Ltd. said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc, boosting i...
May 4, 2020
10:20 am By Neha Mule
Facebook to Buy 10% Stake in Telco Unit of India’s...
Facebook will buy a 10% stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital pay...
April 22, 2020
5:16 am By Neha Mule