Reliance Industries shares hit record high after another Jio deal

06 Juin, 2020, 20:41 | Auteur: Auguste Feret
  • Reliance Industries Limited announced that private equity firm Silver Lake is pumping in additional INR 4,546.80 Cr in Jio Platforms

Reliance Industries Limited (RIL), on Friday (June 5), announced that private equity firm Silver Lake along with its co-investors will pump in additional INR 4,546.80 Cr in RIL's digital entity, Jio Platforms.

With the latest investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks, RIL said in a filing to the BSE. In all these deals the company will issue fresh shares to the investors. It further strengthens parent Reliance Industries (RIL) target of becoming zero debt company ahead of March 2021.

Mubadala is billed as the second-biggest state investor after Abu Dhabi Investment Authority.

Mukesh Ambani, chairman and managing director of Reliance Industries (RIL), said he was delighted that Mubadala, one of the most astute and transformational global growth investors, has made a decision to partner his company in its journey to propel India's digital growth towards becoming a leading digital nation in the world.

The deal marked Mubadala's largest investment in an Indian firm.

Italie - Brescia - Italie : Balotelli bientôt licencié de Brescia
L'attaquant italien, 29 ans, Balotelli est décidément un dur à cuir qui a du mal à rester longtemps dans un club. L'attaquant passé par l'Olympique de Marseille va devoir se trouver un nouveau club.

L'association Pogba-Bruno Fernandes vue par Giggs — Manchester United
Paul Pogba n'a jamais fait l'unanimité du côté de Manchester United . Il a aussi l'air d'un bon gars, il veut jouer pour le club.

VIDÉO - États-Unis : le vibrant hommage rendu à George Floyd à Minneapolis
Plusieurs vidéos montrant des interventions policières musclées face à des manifestants pacifiques ont émergé récemment. Je peux voir le soleil commencer à se lever sur un jour nouveau pour la façon dont est assuré le maintien de l'ordre.

Commenting on the deal, RIL Chairman and Managing Director Mukesh Ambani said, "Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala's work in diversifying and globally connecting the UAE's knowledge-based economy".

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, "I am delighted that Mubadala, one of the most astute and transformational global growth investors, has chose to partner with us".

The interest in Jio Platforms highlights its potential to become the dominant player in India's digital economy. In 2017, Mubadala established its Ventures arm to support innovative tech-led businesses.

Reliance Jio says this investment by Mubadala Investment Company further reinforces the recognition of the world-class digital platform that Jio has built, powered by leading technologies, such as Broadband connectivity, Smart Devices, Cloud and Edge Computing, Big Data Analytics, Artificial Intelligence, Internet of Things, Augmented and Mixed Reality and Blockchain. Mubadala's Ventures business now manages several venture funds in the US, Europe and Middle East.

- Abu Dhabi-based Mubadala has a wide portfolio which includes advanced manufacturing, semiconductors, metals & mining, pharmaceutical and medical technology, and more.

Conseillé:



Populaire

Trump administration plans to cut USA troops in Germany
The US troops in Germany are said to play a key role in ensuring security in Europe. The formal order to begin moving troops has yet to be given but is expected soon.

World Health Organization says coronavirus isn't mutating into risky form
The WHO official said in some situations, the measures may need to be reintroduced, which could understandably frustrate people. The World Health Organization says SARS-CoV-2, the virus that is causing COVID-19, is not changing into a more risky form.

Alerte rouge aux pollens en Lorraine : la situation se calme, voici pourquoi
Il faut savoir en effet qu'ils se dispersent en plus grande quantité lorsqu'il y a un peu de soleil et de vent. Pour les personnes allergiques aux pollens , la météo joue un rôle important.

Brickyard 400 will run without fans in attendance, speedway says
As of this upcoming weekend, both IndyCar and NASCAR will have resumed races without any spectators at the tracks. The event was scheduled to take place as part of the Fourth of July NASCAR race weekend next month.

Africa CDC closely monitoring new outbreak of Ebola in DR Congo
The Executive Group will communicate with the principal investigators in the trial about resuming the hydroxychloroquine arm. It adds an additional layer of suffering for a population that is already struggling to contain the COVID-19 pandemic.

Charging connectors will be required at gas stations in Germany
While many German carmakers manufacture and sell EVs, it does not seem like many people in the country actually own one. Volkswagen reopened factories including it Huge plant at Wolfsburg , But the industry outlook is very alarming.

Coronavirus : l'application StopCovid a passé le cap du million d'utilisateurs
L'application a été activée un million de fois , et non simplement téléchargée, précise le secrétariat d'Etat au numérique à l'AFP.

George Floyd death: Washington DC hit by violent protests
In the United States , tens of thousands of protesters took to the streets in another night of protests. A white ex-police officer has been charged with murdering Mr Floyd , 46.

PSG : Ander Herrera fait des révélations sur l’avenir de Neymar et Mbappé
L'intéressé lui a rapidement répondu, accompagnant son message d'un smiley hilare: "J'te fais plus confiance toi!" Kylian Mbappé sera forcément l'un des joueurs qui animeront le marché des transferts.

Celebrity Gogglebox returns next week and the line-up is unreal
Gogglebox is one of those programmes where you watch it and think "Hey, I could do that". He will be on the sofa with his partner Laura Whitmore .