Reliance Industries on Friday announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. This is KKR’s largest investment in Asia. “This transaction values… Continue reading "Reliance strikes 5th deal, sells 2.32 pc in Jio Platforms for Rs 11,367 cr to KKR"
Category: Business News
We understand that you may be a little apprehensive about flying, but we would like to reassure you that we are taking all precautions to keep the threat of COVID-19 at bay. You can trust us to ensure a safe and secure journey, just as we have done for the last 13 years. We look forward to welcoming you on-board… Continue reading "Press Statement from Indigo"
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INVESTMENT TO FURTHER PROPEL JIO’S VISION OF ENABLING A DIGITAL SOCIETY FOR INDIA JIO PLATFORMS HAS NOW ANNOUNCED INVESTMENTS OF ₹ 78,562 CRORE BY LEADING GLOBAL TECHNOLOGY INVESTORS IN THE LAST MONTH 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.… Continue reading "KKR to Invest ₹ 11,367 Crore in Jio Platforms"
In its continuous endeavour to support the nation amidst the pandemic, IndiGo has been authorized to operate 97 Kerala reparation flights to the Middle East. Adhering all the precautionary measures, the flights will be operated between Kerala and the Kingdom of Saudi Arabia, Doha, Kuwait and Muscat. IndiGo has been granted nearly half of the total 180 repatriation flights allotted… Continue reading "IndiGo to operate 97 repatriation flights between India and the Middle East"
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In its endeavour to support the nation in repatriation efforts, IndiGo operated two special flights for Vietnamese nationals in India. The IndiGo flight 6E9103 from Bengaluru-PuneDelhi transferred total 103 passengers while the flight 6E9102 from Gaya-Delhi transferred 99 passengers to Delhi, for their return flight to Vietnam. The Charter was initiated by Vietnam Embassy and the flights were operated while… Continue reading "IndiGo operated repatriation flights for 202 stranded Vietnamese citizens"
Reliance Industries Shareholders to pay 25% for subscribing to RIL’s Rs 53,125-cr right issue now, balance next yr
Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company’s mega Rs 53,125-crore rights issue, and the balance will have to be paid in two installments in May and November next year, the company said. Oil-to-telecom conglomerate’s rights issue will open for subscription of shareholders on May 20 and will close on June 3.… Continue reading "Reliance Industries Shareholders to pay 25% for subscribing to RIL’s Rs 53,125-cr right issue now, balance next yr"
INVESTMENT BY LEADING GLOBAL GROWTH INVESTOR TO HELP ENABLE JIO TO SCALE ITS ECOSYSTEM TOWARDS MISSION OF BUILDING A DIGITAL SOCIETY FOR INDIA Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of ₹ 6,598.38 crore by General Atlantic, a leading global growth equity firm. This investment values Jio… Continue reading "General Atlantic to invest ₹ 6,598.38 Crore in JIO Platforms"