Reliance Jio plans to raise Rs 15,000 crore

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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24 Comments on "Reliance Jio plans to raise Rs 15,000 crore"

 

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SaYed Ejaz
January 19, 2016 4:55 pm 4:55 PM

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

January 20, 2016 12:39 pm 12:39 PM

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

SaYed Ejaz
January 20, 2016 1:33 pm 1:33 PM

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

SaYed Ejaz
January 20, 2016 1:27 pm 1:27 PM

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 🙂

January 21, 2016 12:11 pm 12:11 PM

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

SaYed Ejaz
January 19, 2016 12:39 pm 12:39 PM

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
January 19, 2016 12:41 pm 12:41 PM

Idea and airtel is updated in website but vodafone doesnt.

SaYed Ejaz
January 19, 2016 3:13 am 3:13 AM
Tarun G, When idea gives double data Airtel gives double data Do you know what vodafone did ? Let people know about this hike. 1)Vodafone decreased data from 300MB to 250MB for Rs.104 2)Vodafone decreased 500MB to 375MB for Rs.149 3)Vodafone decreased earlier 120MB to 90MB for Rs.29. I have confirmed with customer.its as per their details .as a regular tester of quality of network, after recharging Rs.104 i got 250MB instead of regular 300MB. Then after questioning they told about this change. Not updated in website but change is confirmed. Tharun G, kindly cross check with CC even though… Read more »
Jyotirmoy Manna
January 21, 2016 10:11 pm 10:11 PM

We enjoyed double data for a particular period, a few months ego.

January 19, 2016 11:45 am 11:45 AM

Thanks,

Checking with CC.

Respond2aji
January 19, 2016 11:30 am 11:30 AM

Bro, Vodafone is free to decide what kind of packs they wish to provide. It’s upto customer to decide what we want to choose. Vodafone has always been costly and would remain to be like that till they realize that MNP is actively on the rise and they are loosing customers. Impact of Rjio on the incumbent operators woukd be interesting to see.

SaYed Ejaz
January 19, 2016 12:05 pm 12:05 PM

Dear pal from kannur,

Its free to decide i agree but that doesnt mean they can loot us as much as they can.
1) I mean in website they providing old data benefit instead of decreased data.
And after recharge from official website i came to know it is decreased.
Now who is gona looser ?

2) in USSD it is showing old benefits.
Tel me who is looser ?

3) i see many atricles, peoples expectation tarif will reduced by big operators pre jio session .
Now what happned ?

They will update each and everything..
Such hikes it will take months and month to update .

Respond2aji
January 19, 2016 12:42 pm 12:42 PM

Bro, you have a right to complain because they haven’t updated the change in their website or through ussd till now and customers are being cheated. You should reach out to appellate authority or visit pgportal. Atleast this can be done right.

Jyotirmoy Manna
January 21, 2016 10:12 pm 10:12 PM

Exactly.

SaYed Ejaz
January 19, 2016 12:52 pm 12:52 PM

Anyway i am straight away calling to nodal officer for updating the information in ussd as well as website.
Also in my vodafone app.
Will also mention the cheating done by them ie.,not received promised benefits.
I believe Rs.149- 500 MB to 375 MB is a massive reduction.

Hope they update soon .

vivek
January 19, 2016 11:27 am 11:27 AM

Their personalized offers are nice,since 1 yr i have been recharging for Rs 156 for 1 GB 3g,sometimes 2gb for 248.kindly check special offers @ *121# waha achhe offer rhte hai genrally

Jyotirmoy Manna
January 21, 2016 10:14 pm 10:14 PM

Right.

SaYed Ejaz
January 19, 2016 3:32 am 3:32 AM

Update : Rs.49 pack also changed from 200MB to 150MB .
I have never expected this from Vodafone.very bad.

Krish
January 19, 2016 11:15 am 11:15 AM

Which circle?
here in wb, they are giving 1Gb [email protected], and 1gb [email protected] [email protected] (all 28days)..earlier they were offering 1gb [email protected] and [email protected]

idea offers 1gb [email protected], 1gb [email protected] [email protected]
earlier it gave1gb [email protected]
idea has 3g icr with airtel.

sibin
January 19, 2016 10:03 am 10:03 AM

same is the case with airtel. . they too reduced data benefits on 3g packs in kerala

Kiran Fernandes
January 19, 2016 4:57 am 4:57 AM
You’re making Vodafone richer by doing random recharges. Right now, I stick with Rcom as a primary number for 3g data (442 for 3GB 3g data valid for 90 days along with 1p/s calling) I do a small 123rs recharge for 1GB valid for 7 days, and it gets added to the extra data, and its still valid for 90 days. Yeah even i was surprised there. So, since im in Gurgaon, I keep my Vodafone number just to receive bank sms and thats used as my primary whatsapp number, im keeping it. I made a few recharges before, but… Read more »
Prasath J
January 19, 2016 11:31 am 11:31 AM

@Kiran ji.. Actually he is loosing money by doing random recharges, but helps others from the greedy fraudfone also..

SaYed Ejaz
January 19, 2016 11:50 am 11:50 AM

Yes prasant..
Not wasting money by doing random recharges.instead checking from the general users/valid users.
Means,This is done for my dad.

251 – 1GB/ month.
Which he wont use anyway.
So i will carry forward his data with 104/month all months.

idea88
January 19, 2016 8:03 am 8:03 AM

@kiran u right bro. Sayed Vodafone really doing bad tricks in name of So so services .

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