Reliance Jio plans to raise Rs 15,000 crore

By January 19th, 2016 AT 3:03 AM

Reliance Jio Infocomm, the telecom venture of Reliance Industries Limited (RIL), is planning to raise Rs 15,000 crore through rights issue, the company informed the National Stock Exchange on Monday. The Mukesh Ambani-owned company, in a notice, said that the issue will be open to all existing shareholders. Jio’s board has already given a nod for the issuance of equity shares of Rs 10 each aggregating to Rs 15,000 crore to the existing shareholders of the company on rights basis.

3G-vs-4G-india

The company, which launched 4G services for its employees in December last year, has a capital expenditure (capex) plan of Rs 1,00,000 crore by the time it starts operations.

According to media reports, Joo has so far spent Rs 85,000 crore a significant portion of which was spent on airwaves across spectrum bands.

Also read: First look at Reliance Jio’s 4G services along with various apps

Jio is widely expected to commence commercial services around April this year. Jio earlier today inked a spectrum buying and sharing agreement with Anil Ambani-led Reliance Communications. Media reports said that the spectrum sharing and trading deals are likely to cost the company around Rs 4,500 crore.

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Jyotirmoy MannaTharun GSaYed EjazRespond2ajiPrasath J Recent comment authors
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SaYed Ejaz
SaYed Ejaz

Update : after calling vodafone nodal kerala .
They added the previous benefits.
As i always say their customercare in kerala and coverge is mind blowing.
They also told sorry deeply as well as promised they will update the information.
Solved in 2 hours.fastest resolution.
If it was idea it would have taken 3-5 days.
However i can never agree with massive reduction of data by AVoId team.
Its enough, jio just launch..its enough..
Cant get looted more…

1) i66.tinypic.com/5xit1k.png
2) i64.tinypic.com/3517mm9.jpg

Tharun G

I got the old benefit details when I checked with Voda CC by email.

SaYed Ejaz
SaYed Ejaz

No, it has been changed.
I have called nodal .
Now they updated in the website as wel as app.
Check in website as well as ireff or my app 🙂

Tharun G

Yes you are right its updated. I chased again to CC and they provided new tariff list.

SaYed Ejaz
SaYed Ejaz

Upto 22% reduction
i66.tinypic.com/mbhbt2.png

SaYed Ejaz
SaYed Ejaz

Tarun G,
Update : after a research idea and airtel also decreased benefits.
Not as much as vodafone , but still they decreased.
They also came up with new packs for 4 days,5 days,6days,9days.i am asking wtf ?

Try to get old plan details if you have and Compare old and new packs in ireff app.
Alternatively can confirm with cc about all changed packs in idea.

SaYed Ejaz
SaYed Ejaz

Idea and airtel is updated in website but vodafone doesnt.

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