Relaince jio

The deals underline the status of Jio Platforms as a tech powerhouse and its ability to dominate India’s booming digital economy.  Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. … [Read more...] about Abu Dhabi fund Mubadala to invest Rs 9,093 crore in Jio, 6th mega deal in 6 weeks for RIL unit

The decision by ADIA, a globally-diversified investment institution, in exchange for a 1.16 percent stake, is an unprecedented eighth investment in Jio Platforms in less than seven weeks and marks the largest continuous fundraising action by a company anywhere in the world. RIL, the oil-to-retail-to-telecom conglomerate, has now sold a little over 21 percent stake in Jio Platforms through a flurry of fundraising deals and raised as much as Rs 97,885.65 crore, or $12.96 billion. … [Read more...] about Reliance Jio: Abu Dhabi Investment Authority new investor in Jio Platforms as RIL unit raises total of nearly Rs 1 lakh crore

Business Insight | Tata’s proposal to buy Coffee Day Group’s beverage vending business hits roadblock Ideas For Profit | Should investors bet on railway engineering stocks? Chart of the Day | Manufacturing PMI for November shows recovery continues, albeit at a slower pace … [Read more...] about Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

Commenting on the transaction with Vista, Mukesh Ambani, chairman and managing director, Reliance Industries Ltd, said he was delighted to welcome Vista, one of the world’s marquee tech investors globally as a valued partner. “Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone.” … [Read more...] about Jio gets new marquee investor: Vista Equity to buy 2.32% for Rs 11,367 crore

> KKR's is the fifth such infusion in Jio Platforms as, over the past one month, leading technology investors such as Facebook, Silver Lake, Vista and General Atlantic have announced aggregate investments into the company. These together amount to Rs 78,562 crore of investments into Jio Platforms. … [Read more...] about KKR-Jio Platforms deal: 5 key things to know