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.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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