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 […]
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 […]