Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
It is now only behind Saudi Aramco. Reliance added $8 billion Friday to take its market value to $189 billion, while Exxon Mobil erased about $1 billion.
Reliance's market valuation crossed Rs 11 lakh crore in the previous session after Ambani announced that his oil-to-telecom conglomerate had become net debt-free.
Ten firms including Facebook, General Atlantic, Silver Lake Partners and KKR & Co. poured a total $15.2 billion into Reliance Jio, pending regulatory clearances.
Mukesh Ambani, who made a pledge to shareholders in August to slash group’s net debt to zero within 18 months, went on a fundraising spree starting April.
The proposal would be the third fund-raising announced by company in recent weeks, underscoring Mukesh Ambani’s confidence despite a pandemic that’s slammed the oil industry.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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