mukesh ambani

Saudi Wealth Fund PIF to Invest INR 9,555 Cr in Reliance Retail

PIF will pick 2.04 per cent stake in RRVL on a fully diluted basis in return of the investment

Shipra Singh

· 2 min read

On Amazon's Plea, Arbitration Court Halts Deal Between Reliance And Future Group

RRVL in a statement said it intends to enforce its rights and complete the transaction in terms of scheme and agreement with Future group without any delay

Debarghya Sil

· 2 min read

Abu Dhabi Investment Authority to Pick 1.2% Stake in Reliance Retail for INR 5,512 Cr Investment

RIL's retail arm has sold about 8.5 per cent stake in return of a total investment of INR 37,710 crore from global investors Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA

Shipra Singh

· 2 min read

Silver Lake Co-investors To Invest Additional INR 1,875 Cr In Reliance Retail

This latest investment values Reliance Retail at a pre-money equity value of INR 4.285 lakh crore

Prabhjeet Bhatla

· 3 min read

Mukesh Ambani: The Man Who Earned INR 90 Crore Every Hour Since March Lockdown

Mukesh Ambani for the ninth consecutive time has managed to remain on top of IIFL Wealth Hurun India List 2020 with personal wealth of INR 6,58,400 crore

Debarghya Sil

· 4 min read

Mukesh Ambani Races ahead of Buffett, Larry Page and Musk to Become World's Fourth Richest Person

Bloomberg Billionaire's Index has pegged Mukesh Ambani's net worth at USD 80.6 billion after he amassed a whopping USD 22 billion this year

Shipra Singh

· 2 min read

After Grocery, JioMart To Eye Electronics, Fashion, Pharmaceutical and Healthcare

JioMart is currently trying to scale its geographical reach and delivery capabilities

Debarghya Sil

· 2 min read

Google's $4.5 bn Investment in Jio Makes up 45% of Google For India Digitisation Fund

At RIL's virtual 43rd AGM, Mukesh Ambani announced that Google will invest INR 33,737 crore (USD 4.5 billion) in Jio Platforms for a 7.7 per cent stake in the company

Shipra Singh

· 3 min read

Intel Capital to Invest INR 1,894.50 crore in Jio Platforms

Intel Capital, the investment arm of Intel Corporation, is the 11th investor to announce an investment in Jio Platforms

Shipra Singh

· 3 min read

RIL Declared Net Debt Free, Much before Original Schedule

Reliance Industries has raised INR 1.75 lakh crore against its debt of INR 1.61 lakh crore to become net debt-free, much ahead of the March 2021 deadline set by the company

Shipra Singh

· 2 min read

With INR 11,367 cr, Saudi Arabia's PIF Is 10th Investor in Jio Platforms

Jio Platforms has raised INR 115,693.95 crore from 10 leading global investors in return of 24.70 per cent stake

Shipra Singh

· 3 min read

Jio Platforms Is COVID-Resistant

With yet another investment, this time from the Abu Dhabi Investment Authority, the digital unit of Mukesh Ambani-led Reliance Industries has now raised INR 97,885 crore in less than seven weeks.

Debroop Roy

· 3 min read