Shri Mukesh D Ambani
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KKR has made a second investment in a Reliance Industries’ company, this time backing the firm’s retail subsidiary in return for a 1.28% equity stake. -
In the strongest confirmation of its ambitions to date, Reliance Industrial Investments has sold approximately 135,000 Jio-owned towers and, through Reliance Retail Ventures Limited, has acquired logistics and retail capabilities from the Future Group.
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A net debt-free Jio Platforms is looking to lift its fortunes further with a possible public listing by 2024.
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Two major UAE sovereign wealth funds have become the latest backers to claim a stake in India’s digital future in less than seven weeks, after Jio Platforms confirmed it has received almost US$2 billion over two deals.
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Facebook (NASDAQ: FB) has become the latest tech giant to state its interest in a stake in India’s Reliance Jio, a wholly owned subsidiary of Reliance Industries.
