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 […]
Abu Dhabi’s Mubadala to invest Rs 9093.6 crore in Reliance Jio platforms
NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) said that 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. Mubadala’s investment will translate into a 1.85% equity […]
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 […]
At over Rs 53,000 crore,Reliance Industries Limited achieves successful closure of India”s biggest rights issue
NEW DELHI:Reliance Industries Limited (RIL) on Wednesday said that it has achieved successful closure of India”s largest-ever ”Rights Issue” of Rs 53,124.20 crore. Accordingly, the issue was subscribed approximately 1.59 times, cumulating to an overall commitment of over Rs 84,000 crore. “The Rights Issue saw a huge investor interest, including from lakhs of small investors […]
Reliance Industries’ slew of equity deals to drive improvement in Co rating: Fitch
NEW DELHI: Reliance Industries Limited’ proposed USD 7 billion rights issue, a string of equity deals of USD 8 billion in Jio Platforms, and USD 1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday. “The rights issue and equity deals when completed are likely […]
Reliance Industries fixes May 14 as record date for rights issue
NEW DELHI: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) has fixed May 14 as the record date for determining shareholders eligible to apply for India’s biggest rights issue of Rs 53,125 crore. Billionaire Mukesh Ambani’s firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first […]
Vista Equity to invest $1.5 billion in Reliance’s digital arm
NEW DELHI: India’s Reliance Industries Ltd (RIL) on Friday announced a $1.5 billion (Rs 11,367) stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt. Private equity firm Vista Equity Partners is buying […]
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 […]
RIL’s consolidated Q4 net profit falls after exceptional item at Rs 6,546 crore
NEW DELHI: Reliance Industries Ltd(RIL) on Thursday reported a fall of 37.2 per cent in its consolidated net profit on an year-on-year (YoY) basis for the January-March quarter of financial year 2019-20, due to an exceptional item. The consolidated net profit during the fourth quarter of FY 2019-20 declined to Rs 6,546 crore, against Rs […]
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 […]
Six of top-10 Indian firms add Rs 62,773 crore in market capitalisation; HUL, RIL top the list
BEIJING, NEW DELHI : Six of the top-10 most valued Indian firms together added Rs 62,772.95 crore in market valuation last week, with HUL and RIL emerging as the biggest gainers. BEIJING. NEW DELHI: Among the top 10, Reliance Industries, TCS, HUL, Infosys, Kotak Mahindra Bank and ITC witnessed gains in their market capitalisation (m-cap) […]
RIL seeks minimum $5.4 per unit for new natural gas find from KG-D6 block
NEW DELHI: Reliance Industries Limited (RIL) is seeking a minimum price of $5.4 per unit for the natural gas it plans to produce from newer fields in the Bay of Bengal block KG-D6 as it changed parameters to suit government policies. Reliance and its partner BP Plc of the UK have sought bids from potential […]
Sensex plummets 624 points on global sell-offs; RIL soars 10 per cent
NEW DELHI: BSE benchmark Sensex on Tuesday crashed about 624 points dragged by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10 per cent, capping the Sensex loss to a large extent. Apart from global […]
Reliance Industries to acquire 87.6% stake in Fynd for Rs 295 crore
NEW DELHI: Reliance Industries Ltd (RIL) will acquire an 87.6% stake in Shopsense Retail Technologies, also known as Fynd, for Rs 295 crore ($42.33 million), it said in a statement. The company said its wholly-owned subsidiary Reliance Industrial Investments and Holdings Ltd has an option to further invest up to Rs 100 crore by December […]
Mukesh Ambani caps his annual salary at Rs 15 corer for eleventh year in a row
NEW DELHI: Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries Limited (RIL) capped at Rs 15 crore for the eleventh year on the trot. Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum. This is […]
Reliance Industries Q1 net rises 6.8 per cent; consumer businesses contribute a third of margins
NEW DELHI: Richest Indian Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday posted a 6.8 per cent rise in June quarter net profit as the share of its consumer businesses of retail and telecom saw a steady rise to now account for almost a third of its margin, countering the weakness in traditional petrochemical and […]