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Google will pick up 7.73% stake in RIL’s technology venture Jio Platforms for Rs 33,737 crore.(Bloomberg File Photo)

Google to approach CCI for approval on Rs 33,737 crore deal with Jio Platforms

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON JUL 23, 2020 02:14 AM IST
Google and Jio are partnering to build an operating system that could power affordable 4G and 5G smartphones.
Qualcomm is the 12th investor in Jio Platforms in as many weeks.(REUTERS)
Qualcomm is the 12th investor in Jio Platforms in as many weeks.(REUTERS)

Qualcomm picks 0.15% stake in Mukesh Ambani’s Jio Platforms for Rs 730 cr

New Delhi | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 12, 2020 08:57 PM IST
“Qualcomm Ventures’ investment will translate into 0.15 per cent equity stake in Jio Platforms on a fully diluted basis,” RIL said in a statement on Sunday.
This is the twelfth investment in Jio Platforms within eleven weeks since April 22, 2020.(REUTERS)
This is the twelfth investment in Jio Platforms within eleven weeks since April 22, 2020.(REUTERS)

12 investments in 11 weeks: How Jio Platforms raised Rs 117,588.45 crore

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
PUBLISHED ON JUL 03, 2020 02:25 PM IST
Intel Capital is among the firms, including Facebook Inc and KKR, that have recently invested in Jio Platforms, taking the total investment amount to Rs 117,588.45 crore.
Jio, Reliance’s wireless unit, last year became India’s biggest telecom operator by subscribers.(AFP File)
Jio, Reliance’s wireless unit, last year became India’s biggest telecom operator by subscribers.(AFP File)

Mukesh Ambani’s Jio Platforms has won half of 2020 deals in global telecom:Report

By Bloomberg | Posted by Anubha Rohatgi
UPDATED ON JUN 19, 2020 08:11 PM IST
Ten firms including Facebook Inc., General Atlantic, Silver Lake Partners and KKR & Co. have poured a total $15.2 billion into Jio, pending regulatory clearances, Bloomberg data show.
The oil-to-telecoms conglomerate, Reliance had previously set a target to clear its net debt of just over $21 billion by year-end.(Reuters)
The oil-to-telecoms conglomerate, Reliance had previously set a target to clear its net debt of just over $21 billion by year-end.(Reuters)

Reliance is ‘net-debt free’, on road to IPO for digital, retail units

By Reuters | Posted by: Shivani Kumar
UPDATED ON JUN 19, 2020 12:17 PM IST
The Mumbai-based company kicked off stake sales in Jio Platforms in late April with Facebook Inc buying a 9.99% stake for $5.7 billion.
The investment will translate into a 0.93 per cent equity stake in Jio Platforms on a fully diluted basis for TPG.(REUTERS)
The investment will translate into a 0.93 per cent equity stake in Jio Platforms on a fully diluted basis for TPG.(REUTERS)

TPG picks 0.93 pc stake in Jio Platforms for Rs 4,546.80 crore

New Delhi | By Press Trust of India
UPDATED ON JUN 13, 2020 10:00 PM IST
The deal book was opened with Facebook picking up a 9.99 per cent stake in the firm that houses India’s youngest but largest telecom firm on April 22 for Rs 43,574 crore.
Manoj Modi played a key role during negotiations for a $5.7 billion deal with Facebook Inc.(Bloomberg)
Manoj Modi played a key role during negotiations for a $5.7 billion deal with Facebook Inc.(Bloomberg)

The rainmaker behind Mukesh Ambani’s $13 billion deal spree

By Bloomberg | Posted by: Shivani Kumar
UPDATED ON JUN 12, 2020 01:13 PM IST
Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India’s business world as the right hand of billionaire Mukesh Ambani.
The latest investments value Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, the RIL statement said.(REUTERS)
The latest investments value Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, the RIL statement said.(REUTERS)

Jio Platforms raises Rs 13,640 crore in 1 day

Hindustan Times, Mumbai | By Anirudh Laskar
PUBLISHED ON JUN 06, 2020 05:04 AM IST
The high-value deals underscore the potential of India’s large, expanding base of telecom users and Jio’s leadership of this growing market.
Facebook Inc. bet a massive $5.7 billion in the digital assets of Reliance Industries Ltd(REUTERS)
Facebook Inc. bet a massive $5.7 billion in the digital assets of Reliance Industries Ltd(REUTERS)

Facebook buys 9.9% in Jio Platforms for $5.7 billion

Livemint, Mumbai | By Kalpana Pathak and Deborshi Chaki
UPDATED ON APR 22, 2020 11:34 PM IST
The social media giant will purchase a little less than 10% of Jio Platforms, which houses its telecom and digital businesses, becoming the largest minority shareholder, Reliance Industries Ltd said on Wednesday.
A JIO Telecom logo is seen at a mobile phone store in Mumbai.(AFP File)
A JIO Telecom logo is seen at a mobile phone store in Mumbai.(AFP File)

Reliance Industries shares jump over 8% after Facebook-Jio deal

New Delhi | By HT Correspondent
UPDATED ON APR 22, 2020 12:26 PM IST
The deal will help the US social media giant Facebook leverage WhatsApp to partner with Reliance’s e-commerce marketplace JioMart, that connects small businesses to customers.
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