Tag: reliance
India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority
Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a…
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India’s Reliance Jio Platforms to sell $1.2 billion stake to Mubadala
Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2…
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JioMart, the e-commerce venture from India’s richest man, launches in additional cities
The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio…
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KKR to invest $1.5 billion in India’s Reliance Jio Platforms
Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major investment in the top Indian telecom firm in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the Indian top telecom operator, a…
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Silver Lake to invest $747M in India’s Jio Platforms
Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.74 million) in the top telecom operator Jio Platforms, giving it a valuation of $65 billion. Reliance…
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Reliance and Facebook pilot JioMart orders on WhatsApp
JioMart, an e-commerce venture run by India’s most valued firm, is testing an “ordering system” on WhatsApp, giving us the first peek at the collaboration between Facebook and Indian telecom giant Reliance Jio Platforms. Users in Navi Mumbai, Thane and Kalyan, three cities in Indian state Maharashtra, can use JioMart’s…
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