Reliance Jio share price: Get latest updates on Reliance Jio share price, Reliance Jio stock price. Find why Jio share price is increasing or dropping and more on The Economic Times. Benchmarks . Nifty 15,683.35-8.05. NSE Gainer-Large Cap . Adani Ent. 1,487.50 119.8. FEATURED FUNDS ★★★★★ ICICI Prudential Credit Risk Fund Direct Plan-Gr.. 5Y Return. 9.27 % Invest Now. FEATURED FUNDS. Company profile page for Jio Platforms Ltd including stock price, company news, press releases, executives, board members, and contact informatio Reliance's Jio Platforms says it will roll out 5G in second half of 2021. December 08, 2020. Tickers ASIA. Tags Asia india Mukesh Ambani. From TechCrunch. Jio Platforms backs SF-based AR gaming startup Krikey. December 02, 2020 . Tickers APPS ASIA. Tags Asia Jio Platforms Funding. From TechCrunch. India approves Google's $4.5 billion deal with Reliance's Jio Platforms. November 11, 2020.
Jio Platforms, a subsidiary of Reliance Industries (India's most valued firm) has raised about $20.2 billion in the past four months from 13 investors by selling about 33% stake in the firm. (For.. In the past one month, five global players have picked up a 17.12 per cent stake in Jio Platforms for a total consideration of Rs 78,562 crore, valuing the company at Rs 4.91 trillion (or $73 billion). Highly placed sources said once the new guidelines for.. Owned by Reliance Industries, Jio Platforms operates a 4G network and has several other apps and services. Google confirmed Wednesday it's investing $4.5 billion into Indian digital services.
Mukesh Ambani's Jio Platforms has agreed to sell its 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks NEW DELHI: Jio is accelerating the rollout of digital platforms and indigenously developed next generation 5G stack, Reliance Industries' annual report has said, highlighting that India is at the. Reliance Retail raised Rs 47,265 crore for a 10.09 percent stake from marquee global investors, while its telecom and digital services company Jio Platforms garnered Rs 1.52 lakh crore from.
The deal puts Jio Platform's equity value at 4.91 trillion rupees and gives it an enterprise value of 5.16 trillion, Reliance said in a statement. Reliance, controlled by billionaire Mukesh Ambani,.. America's Global Private Equity Firm, TPG Capital has announced to invest in Jio Platforms on Saturday 13th June 2020 0.93% stake for Rs. 4,546.80 crore. The investor aims to become a part of a group that captures one of the largest portions of internet market in the world. The valuation of Jio Platforms for this investment too is the same National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (East), Mumbai 400 051 Trading Symbol: RELIANCE Dear Sirs, Sub: Media Release We attach a copy of the media release titled Facebook to Invest ₹ 43,574 crore in Jio Platforms for a 9.99% Stake issued by the Company. This is for your information and dissemination on your. Post fundraising, Reliance stock has lost some lustre Jio Platforms Ltd, followed by the retail arm, Reliance Retail Ventures Ltd. Together with the fundraising at Jio, this took RIL's total.
Reliance Industries Limited (' Reliance Industries') and Jio Platforms Limited ('Jio Platforms'), India's leading digital services platform, announced today that KKR will invest 11,367 crore into Jio Platforms.. This transaction values Jio Platforms at an equity value of 4.91 lakh crore and an enterprise value of 5.16 lakh crore PE giant Silver Lake buys stake in Reliance Jio for Rs 5,655.75 crore, at higher valuation than Facebook deal The Silver Lake deal takes Jio's enterprise value to Rs 5.15 lakh crore — a 12.5. Reliance Industries' (RIL's) deal with Facebook to sell 9.99 per cent in Jio Platforms has two messages for the oil to telecom major's shareholders.. The key one is that Jio Platforms is now more valuable than all other businesses of RIL put together, including refining, petrochemicals and retail Qualcomm Ventures, the corporate investment arm of Qualcomm (NASDAQ: QCOM)plans to invest $97 million in Reliance Jio Platforms, an Indian telecom company. The investment will give Qualcomm. Reliance Jio-Silver Lake deal boosts confidence; experts see re-rating of stock Reliance Industries in its BSE filing on May 4 said Silver Lake would invest Rs 5,655.75 crore into Jio Platforms.
Intel's venture capital unit last year invested $250 million in Reliance Industries Ltd's Jio Platforms unit, saying the two companies would find areas of technology partnership. On Monday, Intel said it will work on co-innovations with Reliance Jio for its 5G radio-access network (RAN), among other things . Intel's venture capital unit last year invested $250 million in Reliance Industries Ltd's Jio.
The stock had also hit a record high in the previous session on Friday. Reliance Industries' shares have risen over 23 percent in the last 3 months. The surge in the stock comes after the company garnered Rs 97,885.65 crore against a 21.06 percent stake sale in Jio Platforms since April from seven global investors Reliance's digital services arm Jio Platforms and Infibeam have signed an agreement and applied for a New Umbrella Entity (NUE) licence, according to the latter Jio Platforms has allotted equity shares to Google International LLC, following which Google International LLC holds 7.73% of the fully diluted equity share capital of Jio Platforms Ltd, according to the statement. RIL's stock closed 0.7% higher at Rs 1,965.10 on the BSE Tuesday
Google, Jio to Build Cheap Phones in $4.5 Billion India Alliance. Google struck a broad alliance with Mukesh Ambani's Reliance Industries Ltd., agreeing to invest $4.5 billion and to cooperate. The valuation of Jio Platforms (JPL), the parent company of Reliance Jio Infocomm, is set to jump 66% to $110 billion by FY22 from around $66 billion . Jio Platforms is a technology subsidiary of Reliance Industries that came to light when Facebook announced plans to invest $5.7 billion for a 9.9 percent stake in the company last month. While.
For Brookfield, the approval and closure couldn't have come at a better time: The telecom company, Reliance Jio Platforms, is grabbing eyeballs of a who's who thanks to its recent fundraising spree Reliance stock has spiked 48% in the past three months. It touched an all-time high of Rs 2,010-per-share on Wednesday . RIL dials all-time high of Rs 2,000 per-share as investors make right connection with Jio | Photo Credit: Representative Image . New Delhi: Bolstered by the recent investment commitments of over Rs 1,52,056 crore in its digital arm Jio Platforms and strong prospects for its. Intel Corp on Monday said it will work with India's Reliance Jio to develop 5G networking technology. Intel's venture capital unit last year invested $250 million in Reliance Industries Ltd's Jio Platforms unit, saying the two companies would find areas of technology partnership. On Monday, Intel said it will work on co-innovations with Reliance Jio for its 5G radio-access network (RAN. Jio Platforms Ltd., the digital arm of Ambani's Reliance Industries Ltd. , the people said, asking not to be identified because the information is private. An announcement could come as soon as. Reliance Industries (RIL), the parent company which owns Jio Platforms, has been able to cobble up not one but five rounds of stake sale in its digital unit in a span of a month. All these are from international investors, including social media giant Facebook, taking the valuation of the three-year-old company to well over $65 billion
Private equity firm Silver Lake has invested an additional Rs 4,546.80 crore in Reliance Industries' digital arm Jio Platforms to raise its stake in the firm to 2.08 per cent This explains the deluge of money invested into Reliance Jio Platforms in recent times. JioMart has already started delivering grocery across 200 cities all over India including Delhi, Chennai, Mumbai, Ahmedabad, Bengaluru, and Pune. Reliance locked 11 mega deals just in 2 months from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, Abu Dhabi Investment Authority.
KKR & Co. said it will inject $1.5 billion in Reliance Industries' Jio Platforms Ltd., its biggest investment in Asia. As result of the transaction, which is still subject to regulatory approvals, KKR will own a 2.32% equity stake in Jio Platforms on a fully diluted basis. The deal values Jio Platforms at an equity value of about $65 billion. Jio Platforms is an Indian telecommunications. Reliance Jio Expediting Digital Platforms Rollout, Developed 5G Stack Locally In its annual report, Reliance Industries Limited said that Reliance Jio is pushing for the rollout of digital platforms Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Indian company. US private equity firm General Atlantic is considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said. Jio Platforms is on a fundraising spree, announcing on Friday that it has secured 113.7 billion rupees ($1.5 billion) from investment firm KKR on Friday This was mostly done through stake sales of Jio Platforms and Reliance Retail Ventures. This report investigates this fundraising frenzy and its implications for RIL. Looking separately at the M&A activity of Jio and Reliance Retail, we expound on the opportunities and threats that surround the individual businesses. Finally, the report concludes by looking at the expectation of future stock.
Reliance Jio has been pulling rabbits out of its hat this whole year-- especially at a time when businesses are barely managing to keep up -- by getting investments from leading tech giants like Facebook, Intel as well as several US and UAE based companies.. And now the next company looking to invest in Jio Platforms is reportedly Googl Reliance Jio, India's biggest mobile carrier, just got a big cash injection from Silver Lake, the US private equity firm with a winning track record of big bets on promising tech giants Reliance Industries Ltd has announced that its newly created subsidiary for digital services will be called Jio Platforms Limited.. In October, RIL said it has set up a wholly-owned subsidiary for.
Reliance Industries became a $200-billion corporation in 2020, making it Asia's 10th largest firm by market cap. Its biggest wins this year — Jio Platforms and Reliance Retail Jio Platforms thus emerged as a shining new venture that housed all of Reliance's telecom and digital assets- Jio Infocomm and its digital platforms like MyJio, JioTV, JioCinema, JioNews, and JioSaavn. It also received the company's tech capabilities like artificial intelligence, big data, and Internet of Things. Additionally, it subsumed the oil-to-retail conglomerate' Jio Platforms has several services under its umbrella, including Reliance Jio, the mobile network that has taken India by storm since launching less than four years ago, racking up 388 million. Simply put, Jio Platforms is Reliance's digital arm that houses its telecom and digital offerings. However, it is the linchpin for Mukesh Ambani's ambition to create a digital society, the key for RIL to get a majority of its revenue from consumer businesses that currently contribute about 30%. This will help the group reduce its dependency on the oil business, which has been going through.
Reliance Jio didn't become the behemoth of the Indian telecom and data industry in such a short time by itself. This required the company to pick up massive amounts of debt, not to mention all. Jio Platforms is a subsidiary of Reliance Industries, and has played a stellar role in India so far. Buoyed by its impressive impact on the Indian tech industry, the list of its global investors in recent times has included Facebook, Silver Lake, Vista Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton. PIF, which is the latest to join the ranks, is a high profile entrant in. Reliance, India's most highly-valued company run by billionaire Mukesh Ambani, has now sold nearly 33per cent of Jio Platforms which houses music, movie apps and telecoms venture Jio Infocomm for.
Stocks. Funds. Tools. Overview. News. Currencies. International. Treasuries. Latest News about Reliance Jio Platforms. Recent news which mentions Reliance Jio Platforms. India approves Google's $4.5 billion deal with Reliance's Jio Platforms. November 11, 2020. Tickers ASIA. Tags reliance jio Jio Platforms india. From TechCrunch. ByteDance in talks with India's Reliance for investment in. Reliance Industries (RIL) was among the major newsmakers of 2020 - with big-ticket stake sales in Jio Platforms and Reliance Retail, a mega-rights issue and many acquisitions
04:55 PM ET 09/30/2020. An epic technology war is raging in India, where the biggest U.S. and Chinese tech companies are taking on homegrown players like Reliance Jio and investing billions to. Reliance Jio is the first telecom operator to surpass the 400 million subscriber base in India. The telco added 3.55 million subscribers only in July 2020, which took its overall user base to 400. Alphabet: Google beteiligt sich mit 4,5 Mrd. Dollar am indischen TK-Carrier Reliance Jio Platforms. MOUNTAIN VIEW (IT-Times) - Der US-amerikanische Technologiekonzern Google Inc. will seine.
Reliance's platform journey started 10 years ago when it started acquiring telecom assets to launch its own cell service offering: Jio. At launch, Jio was cheap, provided a lot of data bandwidth, and had a handful of free, killer apps - predominantly media apps. The investment thesis: by undercutting the cell service competitors and amassing a huge base of users, Reliance could monetize. To Understand Jio, You Need To Understand Reliance. In late April, Facebook made an unusual announcement: they were investing $5.7bn in Reliance's Jio Platforms subsidiary, an Indian telecom company with 398m subscribers. This started an awe-inspiring streak of investments: (Via FT It is a subsidiary company of Reliance Industries Limited. RIL bought a 98% share from Infotel Broadband Services Limited and the Infotel Broadband Services Limited later re-named as Reliance Jio Infocom Limited. So the R-Jio shares come under RIL.. Recently, Reliance Jio also announced that is working with Qualcomm Inc. to develop 5G solutions and accelerate efforts to bring the high-speed network to the world's No. 2 mobile market by users. Jio Platforms have also raised ₹1.52 trillion from investors such as Google, Inc. and Facebook in just four months this year to achieve its digital goals JIO TRUECONNECT ECOSYSTEM. Backed by Blockchain Technology, Jio TrueConnect solves the problem of pesky unsolicited SMS & Voice communications to build trust between enterprises and their customers. KEY BENEFITS . PRIVACY PROTECTION . Guaranteed privacy protection of customers through encrypted customer data in Blockchain. PRIVACY PROTECTION . Guaranteed privacy protection of customers through.
The Reliance rights issue was oversubscribed by 1.59 times and raised more than 53 thousand crores for the company. Apart from this, the majority of funds came from the sale of stakes in the Reliance Jio platform. A total of 24.7% of Jio has been sold to external investors like Facebook, Silver Lake, Vista Equity, General Atlantic and others. Reliance Jio counts Facebook and Google among its 13 international investors and also said average revenue per user is Rs 145 ($1.94), up from $1.88 in the second quarter. Across the past two.
Reliance stock has spiked 48% in the past three months. It touched an all-time high of Rs 2,010-per-share on Wednesday . RIL dials all-time high of Rs 2,000 per-share as investors make right connection with Jio | Photo Credit: Representative Image . New Delhi: Bolstered by the recent investment commitments of over Rs 1,52,056 crore in its digital arm Jio Platforms and strong prospects for its. Jio Platforms Limited is a Public incorporated on 15 November 2019. It is classified as Non-govt company and is registered at Registrar of Companies, Ahmedabad. Its authorized share capital is Rs. 1,900,000,050,000 and its paid up capital is Rs. 89,316,909,000. It is inolved in Other computer related activities [for example maintenance of websites of other firms/ creation of multimedia. First, it was Microsoft, then Twitter and now it is home-grown Jio Platforms. Not surprising, given the amount of investments that Jio Platforms, a subsidiary of India's largest company Reliance. KKR takes stake in Reliance's Jio. KKR has become the latest high-profile foreign investor to help bankroll billionaire Mukesh Ambani's ambition to turn Jio Platforms into an Indian tech giant. Jio Platforms is a wholly-owned subsidiary of the Reliance Industries Limited (RIL). It is a next-generation technology company building a Digital Society for India by bringing together Jio's leading digital apps, digital ecosystems and India's no: 1 high speed connectivity platform under one roof
Legal Name Reliance Industries Limited. Stock Symbol NSE:RELIANCE. Company Type For Profit. Number of Exits 5. Contact Email email@example.com. Phone Number +91-22-2278 5000. Reliance Industries Limited is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally.RIL is the second-largest. Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company. Reliance Jio Infocomm Ltd, with 388 million mobile subscribers, will continue to be a. Reliance Jio, which houses all of Ambani's digital ventures, is now set to build an ecosystem encompassing retail, payments, ed-tech, communications and streaming after a near three-month-long fundraising spree. The stake sales in Jio Platforms Ltd. have helped bring Silicon Valley giants like Facebook Inc., Google, Intel Corp. and Qualcomm Inc. on board—some of which may naturally find. Anbazhagan( December 2016) in their study on Introduction of reliance jio and telecom stocks returns: A test of competition hypothesis in the Bombay stock exchange The study analyzed the impact of the event on the telecommunication sector in India using standard event study methodology. The study found that the telecommunication sector in India was affected by the introduction of.
United States public multinational corporation Qualcomm has invested Rs 730 crore in Jio Platforms, Reliance Industries Limited said in a stock exchange filing on Sunday. This buys Qualcomm a 0.15. Pravir Kumar is working as CEO in the Reliance Jio which is an Active company headquartered in Mumbai.The Reliance Jio office address is located at Borivali Mumbai, .The company comes under Telecom VAS industries, Present employees count around 10000+.The company was founded in the year .To Know more about Reliance Jio, you can visit their website www.jio.co The deal gives Vista a 2.3% stake in Jio Platforms and makes it the third largest shareholder after Reliance Industries and Facebook. In a filing to the Bombay Stock Exchange, Reliance said that. Hence, platforms like Zoom, Microsoft Teams and Google Meet have become increasingly popular. Now, to compete with these apps, Reliance Jio has decided to enter the market with its own video conferencing app JioMeet. However, Jio Meet won't be a regular video calling platform as the company also plans to integrate its Health platform with it.