Page 25 - Mukesh Ambani

Reliance Industries becomes first Indian firm to hit $150 bn market cap

Reliance Industries on Friday became the first Indian company to cross the Rs 11 trillion market valuation mark

Explained: How Vodafone Idea can survive in the three-pronged battle

Vodafone Idea will have to cough up an additional Rs 5,235 crore every year till 2040 to pay its remaining portion of the AGR dues.

With Jio stake sale, RIL struck more sale deals in Q1 than in last 11 years

In terms of value, RIL's June quarter deal (sales, purchase and joint venture included) activity, is more than 68 per cent of the conglomerate's combined deal activity between FY2010 and FY2020

In pics: Mukesh Ambani 9th among top-10 richest men. Who are the others?

With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, its chairman and managing director Mukesh Ambani became the ninth-richest billionaire globally

Mukesh Ambani now 9th richest globally; RIL's m-cap crosses Rs 11-trn mark

In March 2020, Ambani was ranked 21st on Forbes' annual billionaire list, with a net worth of $36.8 billion, while Page and Brin were 13th and 14th.

How RIL became the first Indian company to top Rs 11 trn in market-cap

Shares of RIL have more than doubled from this year's low of Rs 868 in March underpinned by a stream of investments in its arm Jio Platforms

RIL a net debt-free firm now, will rope in investors in retail biz: Ambani

As on March 2020, RIL had a net debt of Rs 1.61 trn and managed to turn itself net debt-free after raising Rs 1.68 trn via a 24.7% stake sale in Jio Platforms, and its rights issue

RIL shares jump over 6%; market valuation crosses Rs 11 trn mark

Earlier in the day, Ambani announced that Reliance Industries had become net debt-free after raising a record Rs 1.69 trillion from global investors and a rights issue in under two months

In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days

Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020

Reliance Industries hits new high; market-cap crosses Rs 11 trillion

RIL raised over Rs 168,818 crore in just 58 days become net debt-free company. Mukesh Ambani now plans to list the telecom and retail businesses in the next five years

RIL net debt free before schedule; to list retail, telecom biz within 5 yrs

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

Saudi Arabia's PIF picks up 2.3% stake in Reliance Jio for Rs 11,367 cr

This is the 10th investment in Reliance Jio in nine weeks

CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

Next leg of RIL debt-reduction to be driven by energy business: Report

RIL has started to hive off its oil-to-chemicals entity which comprises of its twin oil refineries at Jamnagar in Gujarat as well as petrochemical units

Jio fundraising tops Rs 1 trillion as TPG, L Catterton invest Rs 6,441 cr

The valuation of the deals is in line with recent transactions pegging Jio's equity value at Rs 4.91 trillion and enterprise value at Rs 5.16 trillion

Second deal in a day for Jio Platforms: L Catterton to invest Rs 1894.5 cr

Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22

TPG to invest Rs 4,547 cr; Jio Platforms fund raising crosses Rs 1 trillion

This is the eighth deal announced by RIL in the last two months

Manoj Modi, the rainmaker behind Mukesh Ambani's $13-billion deal spree

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.

Mukesh Ambani gets 552,000 shares in RIL rights issue, company says

Ambani's firm had on April 30 announced fundraising of Rs 53,124 crore by way of a 1:15 rights issue -- India's biggest and the first such issue by the firm in nearly three decades