Latest corporate update- Reliance Jio has raised Rs 78562 crore as an investment so far.
Reliance Jio news-American investment firm KKR to buy a 2.32% stake in the Jio platform, to invest Rs 11367 crore.
⇛According to Reliance Jio investment updates, This is the fifth major investment in the Jio platform in a month after Facebook, Silver Lake, Vista Equity, General Atlantic.
⇛This is KKR's highest investment in a company in Asia. KKR's investment in the Jio platform has been done at an equity valuation of 4.91 lacks crore and Rs 5.16 lacks crore at the upstream capital valuation.
⇛KKR has a long experience of investment in global private industries. KKR has invested in several major companies including BMC Software, ByteDance, and GoJack. RIL, Jio platform remains the first choice of American companies in terms of investment. The Jio platform is a digital subsidiary company of Reliance Industries.
⇛After adjusting the debt of Reliance on cash, the net debt of the company was Rs. 161035 crores.
Read all Jio investment News
https://businessdip.blogspot.com/2020/05/reliance-right-issue-information.html
https://businessdip.blogspot.com/2020/04/tech-giant-facebook-join-hands-with.html
https://businessdip.blogspot.com/2020/05/corporate-deal-american-company-silver.html
https://businessdip.blogspot.com/2020/05/american-company-vista-equity-partners.html
https://businessdip.blogspot.com/2020/06/abu-dhabi-investment-will-invest-final.html
No comments:
Write comments