Page 60 - Reliance Industries

General Atlantic picks 1.34% stake in Jio platforms for Rs 6,598.38 cr

Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks

Reliance Industries' Rs 53,000-crore rights issue to kick off on May 20

The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459

Market Ahead, May 11: Top factors that could guide markets this week

Around 50 companies including the likes of Maruti Suzuki, Nestle, Dr Reddy's Labs, Biocon, and Bandhan Bank are scheduled to announce their March quarter results.

Reliance fixes May 14 as record date for rights issue of Rs 53,125 crore

Mukesh Ambani's firm had on April 30 announced fundraising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue by RIL in nearly three decades

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

RIL, Infosys, HUL account for 51% recovery in Sensex from 52-week low

In all, these three entities have added Rs 5.8 trillion to their m-cap during the period, against a Rs 11.3-trillion rise in the incremental m-cap of all 30 Sensex companies

Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

Deal part of RIL plan to unlock 19% stake in Jio to become debt-free

Top headlines: Franklin apologises to Sebi, RIL sells another 2.32% in Jio

Business Standard brings to you the top headlines of the day

MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251

All that happened in the markets today

Market Ahead, May 8: All You Need To Know Before The Opening Bell

A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today

RIL sells another 2.32% in Jio, this time to Vista Equity for Rs 11,367 cr

This is Jio's third major announcement in three weeks after it previously sold stakes to Facebook and Silver Lake

Quint gets listed via little-known trading firm promoted by Raghav Bahl

In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one

RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%

It is trading at nearly 28 times its trailing earnings per share against Sensex's 19.4

Banks scout buyers for Future Retail stake after Biyani's loan default

According to a banker close to the development, the lenders have approached India's top retail players to evaluate the possibility of a merger

RIL bonds advance after Mukesh Ambani hastens debt-reduction plan

The conglomerate's 3.667% bonds due 2027 rose 0.4 cents on the dollar to 100.28 as of 9:10 am IST, the highest level since March 13

Q4 performance shows consumer, digital are now RIL's new core businesses

Experts advise in favour of rights issues, given Jio's strong growth, deleveraging initiatives and promoters' commitment to the offer

After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms

The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio Platforms

Market Ahead, May 4: Top factors that could guide markets this week

This week, a total of 17 companies are scheduled to announce their quarterly earnings which includes HCL Technologies, Kansai Nerloac Paints, and YES Bank among others

Top biz headlines: India Inc plays safe, IT clients fear data leak and more

Here are the top 10 business headlines this morning

Reliance to produce new gas from D6 by June end; to cost $2.2 per unit

International oil rates have slumped as demand evaporated due to outbreak of coronavirus and lockdowns imposed by countries around the globe