Indian conglomerate Reliance Industries has bagged further investment for its digital services platform Jio Platforms, this time from global investment firm KKR, which is chipping in with INR 113.67 billion ($1.5bn) for a stake of 2.32%. Jio Platforms retains an equity value of INR 4.91 trillion and an enterprise value of INR 5.16 trillion following […]
Jio Platforms, an Indian digital services platform owned by Reliance Industries, has secured an investment of INR 65.98 billion ($870.25 million) from US private equity firm General Atlantic. As part of the deal, the private equity firm takes a stake of 1.34% in the digital services platform, which is claimed to have built an all-IP […]
Saudi Aramco and Reliance Industries (RIL) have signed a non-binding letter of intent (LOI) for a proposed investment by the former for a 20% stake in the Indian conglomerate’s Oil to Chemicals (O2C) division in a deal worth $15bn. The deal is considered to be one of the largest foreign direct investments in India. The […]
India oil and gas news : Reliance Industries and its partner BP in the Block KG D6 have sanctioned a new project to draw more gas from India’s Krishna-Godavari Basin by developing the MJ gas field. Dubbed as the MJ gas project, the offshore development is the third project to be undertaken by Reliance Industries […]