Reliance Jio announced on Monday new plans for JioFiber broadband starting at a monthly price of Rs 399 with no data usage limit. Under the new plans, the Netflix entertainment app is added to the bundle of bundled apps for customers who subscribe to mid-range plans. It is by far …
Read More »Reliance Retail Prepares for Share Sale; shows scale and domain
MUMBAI: If Facebook and Google bought stakes in Jio Platforms Ltd, who would likely be a worthy suitor for Reliance Retail Ltd. A report in The Morning Context suggests that Walmart is the leading candidate. Whether this is true or not, Reliance Retail is clearly gearing up for a big …
Read More »Sensex, Nifty Open 1% Higher; banks win; Future retail up to 20%
Photo: mint 3 min read . Updated: Aug 31, 2020 09:48 AM IST Madhumita Sen Choudhury Sensex, Nifty Open Higher Thanks to Strong Global Signals and Led by Strong Profits at Banks Welcome to the Mint Live Blog. Follow this space for the latest updates on the stock market. August …
Read More »Reliance Industries-Future Group deal saves lenders from $ 2.2 billion debt hole
Mumbai: Future Group’s lenders have been spared a $ 2.2 billion impact on their conglomerate exposure after the company announced the sale of all of its businesses to Reliance Industries (RIL) for ₹24,713 crore on Saturday. Publish the agreement Reliance Retail Ventures (RRVL) of Mukesh Ambani will have a 13.14% …
Read More »What the Reliance Retail-Kishore Biyani deal means for shareholders of the group’s various future weapons
Reliance Retail currently operates about 11,784 stores nationwide. The agreement is positive for all shareholders of all branches of Future Group, except Future Enterprises. News18.com Last update: August 30, 2020 8:38 AM M. IST FOLLOW US: Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it …
Read More »Reliance Retail to purchase Future Group’s retail business for Rs 24,713 cr
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, owned by Mukesh Ambani, announced today that it is acquiring all of Future Group’s retail, wholesale, logistics and warehousing businesses as a going concern basis for full consideration. from Rs. 24,713 crore. While the long-awaited acquisition means the departure …
Read More »Mukesh Ambani: Working with Saudi Aramco to complete partnership: Mukesh Ambani
Mumbai: Oil-to-telecom group Reliance Industries (RIL) said on Tuesday that it is working to complete the framework of a strategic partnership with Saudi Aramco. Mukesh Ambani, Chairman and Managing Director in the company’s annual report, said, “The partnership gives our refineries access to a comprehensive portfolio of feedstock protection for …
Read More »The dependence of the rights issue subscribed to 0.27% on Day 1
[ad_1] MUMBAI : Reliance Industries Ltd is a rights issue which opened for subscription on Wednesday, was subscribed 0.27% as of 5 pm on that first, according to data from stock exchanges. The rights issue valued at ₹53,125 million rupees, which will be open for subscription today and will close …
Read More »PE Vista equity firm to invest ₹ 11,367 crore on Jio platforms
[ad_1] Private equity firm Vista Equity Partners will invest Rs11,367 crore in Jio Platforms for a 2.32% stake. This is Jio Platforms’ third deal after Facebook and Silver Lake’s stock acquisition plans in the past two weeks. “This investment values Jio platforms at a capital value of ₹4.91 lakh crore …
Read More »Reliance Industries Shares Price Jumps Even When Sensex Falls; RIL denies Jio’s investment
[ad_1] RIL’s plan to reduce net debt at the end of this fiscal year and its subsequent action toward that goal have lured investors into action. Reliance Industries raised the stock price on Thursday afternoon, rising more than 2%, while the leading Sensex index traded primarily in the red, even …
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