Mukesh Ambani

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ADIA to invest Rs 5683.5 cr in Jio Platforms

Reliance Industries Ltd and Jio Platforms Ltd announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

iWorld Over The Top Services
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Silver Lake and co-investors to invest additional Rs 4,546.80 crore in Jio Platforms

Mumbai: Reliance Industries Limited and Jio Platforms Ltd has announced that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4, 2020. This brings the aggregate...

iWorld Over The Top Services
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Zuckerberg promises better shopping experience through JioMart-WhatsApp

It seems Facebook has great ambition for e-commerce and small business in India. While speculations have been rife on the scope of the social media giant’s investment in Mukesh Ambani’s Jio, Facebook CEO Mark Zuckerberg keeps emphasising on small businesses and a better shopping experience.

iWorld Social Media
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FB-Jio partnership to accelerate India’s digital economy: Mukesh Ambani

MUMBAI: Reliance Industries Ltd chairman Mukesh Ambani said that the Facebook-Jio partnership will accelerate the country’s digital economy. In a video message, he said: “All of us at Reliance and Jio are delighted to welcome Facebook as our long-term and esteemed partner. At the core of our...

MAM Marketing MAM
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Facebook takes 9.9% stake in Reliance Jio, to invest Rs 43,574 cr

Facebook has bought a 9.9 per cent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL). The multibillion-dollar deal gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate...

iWorld Telecom

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