Post Tagged with: "mukesh ambani"

KKR Invests Rs 11,367 Cr In Jio Platforms

KKR Invests Rs 11,367 Cr In Jio Platforms

May 22, 2020 at 1:02 pm 0 comments

The Mukesh Ambani-controlled firm has raised Rs 78,562 crore from multiple global technology firms in last one month   Jio Platforms, the digital services platform from the Reliance Industries, Friday announced that KKR will invest ₹ 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value ofRead More

After Facebook, Silver Lake Pumps In Rs 5656 Cr In Jio Platforms

After Facebook, Silver Lake Pumps In Rs 5656 Cr In Jio Platforms

May 4, 2020 at 9:47 am 0 comments

Reliance Industries today announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the FacebookRead More

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

April 22, 2020 at 5:08 pm 0 comments

While the whole world is staring at a hitherto unseen economic crisis because of Covid-19 pandemic, India’s richest man Mukesh Ambani sells of little less than 10% stake in its 5-year old startup, Jio Platforms, for Rs 43,574 crore to Facebook. This investment by Facebook values Jio Platforms at ₹Read More

Reliance Jio Net Profit Soars 310% In FY2018-19

Reliance Jio Net Profit Soars 310% In FY2018-19

April 18, 2019 at 7:19 pm 0 comments

Reliance Jio Thursday announced its financial results for Q4 ended 31 March, 2019 and for the full fiscal year 2019. Jio reported a net profit of Rs 2964 crore for the full year showing a growth of whooping 310% over the previous financial year. In FY 2018, the company’s profitRead More

Jio, RCom Asset Sale Deal Terminated; 6 Main Reasons

Jio, RCom Asset Sale Deal Terminated; 6 Main Reasons

March 18, 2019 at 7:57 pm 0 comments

Anil Ambani-led RCom Monday said the deal it has signed with big brother Mukesh Ambani-led Reliance Jio to sale some of its wireless business assets, has been terminated. “The agreements dated 28 December 2017 and 11 August 2018 entered into between RCOM, RTL, RITL (RCOM Group) and RJIL respectively forRead More

Mukesh Ambani Heaps Praises On Mamata Banerjee And West Bengal

Mukesh Ambani Heaps Praises On Mamata Banerjee And West Bengal

February 7, 2019 at 1:29 pm 0 comments

Reliance Industries’ Chairman and MD Mukesh Dhirubhai Ambani is in Kolkata today to attend and address the 5th Bengal Global Business Summit 2019. While delivering a keynote address Ambani heaped praises on the state Chief Minister Mamata Banerjee for her leadership role in transforming ‘West Bengal’, to which the JioRead More

A Helpless RCom Goes For Insolvency

A Helpless RCom Goes For Insolvency

February 2, 2019 at 12:42 pm 0 comments

Anil Ambani-led Reliance Communications or RCom, once a leading force in Indian telecom, has decided to approach National Company Law Tribunal (NCLT) for debt resolution as it lost all hopes of arranging money on its own. The company announced the same on Friday that the Board has decided to fileRead More

While Incumbents Bleed, Jio Net Profit Soars 65%

While Incumbents Bleed, Jio Net Profit Soars 65%

January 20, 2019 at 12:08 pm 0 comments

Reliance Jio Thursday announced 65% increment in its net profit for the third quarter ended December 31, 2018. The company clocked Rs 831 crore in net profit in Q3 as against Rs 504 crore in the same period a year ago. On QoQ basis the growth was 22% with profitRead More

Why Airtel Was So Down In The Dumps At IMC 2018

Why Airtel Was So Down In The Dumps At IMC 2018

October 30, 2018 at 12:05 pm 0 comments

If anyone has attended the just concluded India Mobile Congress, he or she would have noticed how India’s largest telco Bharti Airtel carried a spiritless, lifeless, dull and unresponsive face during the entire three-day event.Except the first day when the firm’s founder Sunil Bharti Mittal was present during the inaugurationRead More

IMC 2018 : Why Mukesh Ambani Said PM Modi Galvanised India

IMC 2018 : Why Mukesh Ambani Said PM Modi Galvanised India

October 26, 2018 at 5:36 am 0 comments

The India Mobile Congress 2018 or IMC 2018 was kicked off on Thursday in New Delhi and the entire telecom industry dropped in to witness the momentous occasion. While the event was inaugurated by telecom minister Manoj Sinha, Reliance Industries Chairman Mukesh Ambani delivered a rising speech at the event talking aboutRead More