Jio Platforms fourth quarter net profit zooms 47.5% to Rs 3,508 crore
NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement. Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the […]
CCI approves 7.73% stake buy by Google in Jio Platforms
NEW DELHI: The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google’s proposed purchase of 7.73 per cent stake in Jio Platforms. In July, it was announced that Google has agre ed to invest Rs 33,737 crore to buy a 7.7 per cent stake in the Reliance Industries’ technology venture. […]
Google to invest Rs 33,737 crore in Jio Platforms
NEW DELHI: Reliance Industries Limited, Jio Platforms Limited (Jio Platforms) and Google LLC (Google) today announced the signing of binding agreements for an investment of Rs 33,737 crore by Google into Jio Platforms. This investment by Google values Jio Platforms at an equity value of Rs 4.36 lakh crore. Google’s investment will translate into a […]
Public Investment Fund to invest Rs 11,367 crore in Jio Platforms
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, today announced an investment of Rs 11,367 crore by The Public Investment Fund (PIF). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. PIF’s investment will translate […]
L Catterton to invest Rs 1,894.50 crore in RIL’s Jio Platforms
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, today announced an investment of Rs 1894.50 crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs […]
TPG to invest Rs 4,546.80 crore in Jio platforms
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited , India’s leading digital services platform, announced today that global alternative asset firm TPG will invest Rs 4,546.80 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The investment will translate into a […]
Jio Platforms gets Rs 5,683.50 crores from Abu Dhabi Investment Authority
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, today announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 […]
Silver Lake to invest Rs 4,546 crore more in Jio Platforms
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4, 2020. This brings the aggregate investment by Silver Lake and its co-investors to […]
Reliance strikes 5th deal, sells 2.32 per cent in Jio Platforms for Rs 11,367 crore to KKR
NEW DELHI: Reliance Industries Limited and Jio Platforms Limited (Jio Platforms), India’s leading digital services platform, announced today that KKR will invest Rs 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is KKR’s largest […]
Saudi, US companies also eyeing stakes in Reliance’s Jio Platforms
NEW DELHI: Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company. US private equity firm General Atlantic […]
Silver Lake to invest Rs 5,655 crore in RIL’s Jio Platforms
NEW DELHI: Reliance Industries Limited (RIL) and Jio Platforms Limited (Jio Platforms) announced today that Silver Lake will invest Rs 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the […]
Facebook to invest Rs 43,574 crore for 10% in Jio Platforms
NEW DELHI:Reliance Industries Limited, Jio Platforms Limited and Facebook today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of Rs 70 to a US […]