KKR’s $1.5 billion investment brings JIO Platforms valuation to $65 billion
The U.S. equity firm KKR has bought a 2.32% stake in Mukesh Ambani’s Reliance Jio Platforms. This is the fifth major deal that the Indian telecom operator has secured in…
RIL rights issue shares surge 16 per cent on Second Day of Opening
On May 21, the second day of the opening of RIL-RE or Reliance Industries Limited – Rights Entitlement Shares for trading on NSE, its value witnessed an increase of 16…
Mukesh Ambani’s RIL opens Rs.53,125 crore Shares Rights Issue today
Mukesh Ambani led Reliance Industries Limited (RIL) has opened selling subscriptions for Rights Issue for its share from May 20 to June 3 to raise funds. Rights Issue for a…
RIL to use 75% of ₹53000 Crores raised via Rights Issue to Repay Debts
KOLKATA: A few weeks ago, the board of Mukesh Ambani-led Reliance Industries Limited (RIL) announced the approval of a plan to raise ₹53,125 Crore. The board proposed to do this…
General Atlantic in talks to invest in Jio Platforms
US-based private equity firm, General Atlantic is apparently negotiating an investment deal with Ambani-owned Reliance Industries Limited (RIL), industry insiders close to this development are saying. The investment, supposedly worth…
RIL’s Adjusted Q4 FY20 Profit at ₹10,813 Cr; GRM Beats Estimates
KOLKATA: On April 30, Ambani-owned, Reliance Industries Limited, reported a consolidated profit of ₹6,348 Crore for the 4th quarter of FY2019-20 that ended in March. It further reported the terms…
Reliance Launches a ₹53,000 Cr Rights Issue; 1st in 29 Years
KOLKATA: On Thursday, the board of Mukesh Ambani-led Reliance Industries Limited (RIL) announced the approval of a plan to raise ₹53,125 Crore. The board proposed to do this through a…
RIL raises 8,500 crores from top banks through non-convertible debentures
On Thursday, billionaire Mukesh Ambani took a step where Reliance Industries have raised a corpus of Rs 8,500 crore with the hrlp of a non-convertible debenture issue. This would be…
RIL-backed edtech startup Embibe picks up 90% stake in AI-based e-learning platform Funtoot
Reliance Industries Limited (RIL) backed edtech startup Embibe, has picked up 90.5% equity shares in the Bengaluru-based e-learning products and service provider Funtoot in a cash deal worth ₹71.64 crores,…
Reliance Industries ousts IOC from top rank to become India’s largest company
Reliance Industries ended state-owned Indian Oil Corporation’s (IOC) 10-year reign as India’s largest company, and topped the Fortune India 500 list. Mukesh Ambani-led conglomerate also became the first privately-held and…