Mukesh Ambani

Opinion: Mukesh Ambani's Jio Listing Can Profit from US-China Tech War

Opinion | Andy Mukherjee | Thursday May 28, 2020

Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported Tuesday, citing people with knowledge of Jio Platforms Ltd.'s initial public offering, which is planned for the next 12 to 24 months.

Mukesh Ambani Prepping Overseas IPO For Jio: Report

Business | Baiju Kalesh, Anto Antony and P R Sanjai, Bloomberg | Tuesday May 26, 2020

The offering could happen in the next 12 to 24 months and the company hasn't decided on a listing venue.

Fundraising Spree for Reliance's Jio Platforms Values It at $65 Billion

Reuters | Saturday May 23, 2020

Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion (roughly Rs. 9.87 lakh crores) as of Thursday's close. Jio Platforms' valuation puts it just ahead of the combined value of the conglomerate's oil, gas, and other businesses.

Mukesh Ambani Raises Over $10 Billion Investment In Jio In A Month

Business | PR Sanjai and Debjit Chakraborty | Saturday May 23, 2020

New York-based KKR on Friday became the latest private equity firm to invest in Jio Platforms, the telecom and digital services holding company controlled by Mukesh Ambani's Reliance Industries.

KKR-Jio Deal: US PE Giant KKR to Invest Rs. 11,367 Crores in Jio Platforms

Press Trust of India | Friday May 22, 2020

Reliance Industries on Friday announced the sale of a 2.32 percent stake in its digital unit to US private equity giant KKR for Rs. 11,367 crores, the fifth deal in four weeks that will inject a combined Rs. 78,562 crores in the oil-to-telecom conglomerate to help it pare debt.

Jio to Get Rs. 6,598 Crores Investment From General Atlantic

Reuters | Monday May 18, 2020

Reliance Industries on Sunday announced US fund General Atlantic will invest Rs. 6.598 crores in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month.

"Delighted," Says Mukesh Ambani's Son Akash On General Atlantic Deal

Business | Karthikeyan Sundaram, Bloomberg | Tuesday May 19, 2020

Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc.

Reliance Industries In Rs 6,598-Crore General Atlantic Deal, Jio Platforms Funding Tops Rs 67,000 Crore

Business | Reuters | Sunday May 17, 2020

Mukesh Ambani launched the Jio telecoms venture in late 2016, driving several rivals out of the market and pushing others to consolidate.

Jeff Bezos Could Become First-Ever Trillionaire, Mukesh Ambani and Jack Ma Also Expected: Comparisun

Prabhakar Thakur | Friday May 15, 2020

There are publicly listed companies like Apple, Amazon, and Microsoft that have hit the trillion-dollar mark in terms of market capitalisation but we are yet to see any individual trillionaires.

Mukesh Ambani's Jio May Add Saudi, US Investors To $8 Billion Run: Report

Business | Anto Antony, Manuel Baigorri, Dinesh Nair and Gillian Tan, Bloomberg | Monday May 11, 2020

Investors are betting on Jio's access to India's huge consumer market, and its potential to shake up traditional industries in the country -- from retail to education and payments -- with its technology.

Saudi, US Firms Eye Stakes in Reliance Jio: Report

Reuters | Saturday May 9, 2020

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.

Saudi Arabia, US Firms Eye Stakes In Reliance Jio: Report

Business | Reuters | Saturday May 9, 2020

On Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.

Reliance Jio Launches New Work From Home Recharge Plans. Details Here

Business | Edited by Abhishek | Friday May 8, 2020

The new recharge plans launched by Reliance Jio offer 33 per cent more value over competition's annual Rs 2,399 plan, Reliance Jio said.

Latest Investment Caps $8 Billion Deal Run For Mukesh Ambani

Business | PR Sanjai and Saritha Rai, Bloomberg | Friday May 8, 2020

Billionaire Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc.

The US Company That Followed Facebook's Bet On Reliance Jio

Business | PR Sanjai and Divya Patil, Bloomberg | Tuesday May 5, 2020

Reliance said April 30 that it has received interest from new potential global partners in taking a stake similar to the purchase by Facebook in Jio Platforms.