Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks as it starts on early preparations for an overseas listing.
Many believed outsize investment in a competitive business like telecom couldn’t yield a proper return, but Mukesh Ambani’s deals have shown up sceptics.
New York-based KKR & Co. Friday became the latest private equity firm to invest in Ambani's Jio Platforms Ltd and will pay Rs 11,367 crore for a 2.3% stake.
Jio’s latest transaction takes investment raised by Jio in recent weeks to almost $9 billion, including stakes sold to Facebook, Silver Lake & Vista Equity.
Mukesh Ambani has raised $8 billion with 3 deals in 3 weeks as he races to transform his oil-and-petrochemicals empire into a tech-driven, e-commerce force.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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