Taken together with last year's sale of 49 percent stake in fuel retailing venture to BP Plc of United Kingdom for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.
"From Oil Economy, this relationship is now moving to strengthen India's New Oil (Data-driven) Economy, as is evident from PIF's investment into Jio Platforms", said Mukesh Ambani, chairman and managing director, Reliance Industries, in a statement.
Beyond that, Jio Platforms also holds Reliance's home broadband business Jio Fiber, feature phone business, music streaming service JioSaavn, on-demand live television service, a payments service, among other things. This clearly goes on to show where Jio Platforms stands among investors globally, and how attractive a proposition does it offer to the world's biggest companies.
The company's net debt, as of March 21, 2020 was Rs 161,035 crore.
Kareem Abdul-Jabbar's son arrested for allegedly stabbing neighbour
Abdul-Jabbar, the NBA's leading scorer after 20 seasons, appeared on " Celebrity Family Feud " with his son in 2017. Adam's booking sheet described him to be six feet seven inches and weighed in at 180 pounds.
The Supreme Court’s huge step toward equality for gay and transgender people
But the question in these cases is not whether discrimination because of sexual orientation or gender identity should be outlawed. Three cases with LGBTQ plaintiffs alleging workplace discrimination were presented: Bostock v.
Beijing In 'Wartime Emergency Mode' Amid Fresh Cluster Of Coronavirus Cases
Almost everyone who tested positive had worked or shopped at the market, which employs upwards of 10,000 people. The National Health Commission (NHC) said 36 of the new cases were domestic infections in the capital.
A sharp surge in market price of RIL fully-paid share pushed the company's market capitalisation (m-cap) over Rs 11-trillion for the first time on the BSE.
Reliance Jio Platforms, which has raised $15.2 billion in the past nine weeks, said today that Saudi Arabia's PIF $1.5 billion investment on Thursday marked the "end of Jio Platforms' current phase of induction of financial partners".
Accordingly, RIL has raised over Rs 1,68,818 crore in just 58 days. Taking PIF's investment into account alongside Facebook, Silver Lake, Vista Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, Jio Platforms has received Rs 1,15,693.95 crore in investment from the leading global investors in exchange for 24.7 percent of the company.
At Reliance's 42nd annual general meeting last August, Ambani pledged to make the company net debt-free by 31 March 2021. "We will move towards listing of both these companies within the next five years", said Ambani in a statement.
"I express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue", Ambani added.