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 and its partner BP have started production from the Satellite Cluster gas field in the Krishna-Godavari Basin’s KG D6 block off the coast of Andhra Pradesh, India. The Mukesh Ambani-owned group said that the milestone at the Satellite Cluster field has been achieved a couple of months ahead of its schedule despite the […]
Reliance Jio Infocomm (RJIL) has signed a spectrum trading deal with Bharti Airtel for acquiring the right to use spectrum in the 800MHz band in Andhra Pradesh, Mumbai, and Delhi circles for an amount of INR14.97 billion ($200 million). The trading deal is in compliance with the spectrum trading guidelines defined by the Indian Department […]
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 […]