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
Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value
RIL issued shares at Rs 1,257 apiece in the rights issue but the entire payment has to be paid in three tranches.
SGX Nifty is also down around 40 points, indicating a flat to lower opening for the Indian indices
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
Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22
This is the eighth deal announced by RIL in the last two months
These shares are worth a fourth of the fully-paid up shares of RIL that are traded on the bourses
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.
Under the partnership, Network18 affiliates - which include its joint venture with ViacomCBS, Viacom18 - would create shows for Netflix to help the US firm expand offerings in India
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
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close
Problems in production-sharing agreements with the government have haunted private oil and gas companies for years
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
8th investment values firm at Rs 4.9 trn on equity value basis
Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India
Reliance also received Rs 7,000 crore by selling 49 per cent stake in its petro retail business to BP
Reliance Industries in a statement said with this, aggregrate investment by Silver Lake in Jio Platforms will be Rs 10,202.55 crore
The Mukesh Ambani-led company plans to reduce debt with the proceeds from the stake sale
Including investment by the Abu Dhabi fund, Reliance has now sold a combined 19% interest in Jio Platforms in six deals announced over as many weeks