May 5th, 2020 8:32 PM 1 COMMENTS

Reliance Might Sell Another 8% Stake in Jio Platforms After Silver Lake Deal

Recently, Silver Lake invested Rs 5,655.75 Crore in Jio Platforms and acquired 1.15% Stake in the company. However, BofA research stated that Reliance Industries might offer another 8% stake in Jio Platforms. Reliance Industries earlier marked that they have been getting attraction from global companies for a 10 % stake in Jio Platforms. The instant messaging platform giant Facebook acquired a 9.99% stake in Jio Platforms by investing Rs 43,574... Read More

June 25th, 2018 5:05 PM 18 COMMENTS

Reliance Jio IPO Might Happen in the Next 2-3 Years: Report

Reliance Industries Limited (RIL), the Mukesh Ambani's venture is reportedly considering an Initial Public Offering (IPO) for Reliance Jio in the next couple of years, according to a person in the knowledge of the matter said to Livemint. RIL, the parent company is planning to list RJIL (Reliance Jio Infocomm) on the exchanges if the company's consumer businesses overtake energy business in terms of revenue, the same person said requesting... Read More

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