Reliance Industries Limited said that its subsidiary – Reliance Jio Infocomm (Jio) has entered into a collaboration with Google Cloud on 5G technology to enable Indians to access superior connectivity. In this connection, Google Cloud will offer a fully end-to-end cloud offering for 100% automated lifecycle management of Jio’s 5G network and services. According to […]
Reliance Industries said that its fully-owned subsidiary Reliance Strategic Business Ventures (RSBVL), has acquired an additional stake in skyTran, a US-based pod cars developer, for $26.76 million. The deal enables the Indian conglomerate to boost its stake in the personal rapid transit system developer to 54.46%. skyTran has developed a passive magnetic levitation and propulsion […]
The Securities and Exchange Board of India (SEBI) has approved the previously announced INR 247.13 billion ($3.39 billion) acquisition of Big Bazaar and other businesses of Future Group by Reliance Retail Ventures (RRVL), a subsidiary of Mukesh Ambani’s Reliance Industries. In its letter of approval, SEBI imposed various conditions in compliance with the Composite Scheme […]
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail Ventures Limited (RRVL) through multiple deals. On Sunday, the Indian conglomerate owned by Mukesh Ambani struck a deal worth INR 18.37 billion ($250 million) with global investment firm TPG in exchange for a 0.41% stake in Reliance […]
Indian conglomerate Reliance Industries said that US private equity firm Silver Lake will invest INR 7,500 crore ($1.02 billion) for a stake of 1.75% in the former’s subsidiary Reliance Retail Ventures Limited (RRVL). The investment values Reliance Retail Ventures at a pre-money equity value of INR 4.21 lakh crore. It marks the second billion dollar […]
Internet giant Google has agreed to acquire a stake of 7.73% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR 33.73 billion ($4.5 billion). Google’s investment values Jio Platforms at an equity value of INR 4.36 lakh crore. Through the latest transaction, Reliance Industries has secured a total investment of […]
Qualcomm Ventures, the investment arm of US semiconductor company Qualcomm, has agreed to acquire a stake of 0.15% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR 7.3 billion ($97 million). The deal represents an equity value of INR4.91 lakh crore and an enterprise value of INR5.16 lakh crore for […]
Intel Capital has agreed to acquire a stake of 0.39% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR18.94 billion ($250 million). The transaction represents an equity value of INR4.91 lakh crore and an enterprise value of INR5.16 lakh crore for Jio Platforms. The investment from Intel Capital will be […]
Reliance Industries has bagged two more investments for its digital services platform Jio Platforms, totaling about INR 64 billion ($850 million) in separate deals with global alternative asset firm TPG and L Catterton, a consumer-focused private equity firm. TPG has agreed to invest INR 45.46 billion ($600 million) in Jio Platforms for a stake of […]
Indian conglomerate Reliance Industries announced securing a further investment of INR 56.83 billion ($752 million) for its digital services platform Jio Platforms from a fully-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The new investment values Jio Platforms at an equity value of INR 4.91 lakh crore and an enterprise value of INR 5.16 […]