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What is the investment of Jio?
Reliance Jio has received a flood of investment in recent months. It has raised a total of Rs 1.52 lakh crore by selling almost 33 per cent stake to 13 financial and strategic investors in only 11 weeks, helping to cut down RIL’s net debt target for the full fiscal year.
Is Jio Fortune 500 company?
Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
How much is Ambani in debt?
Anil Ambani’s Reliance debt rises to Rs 20,380 crore; owes money to HDFC, Axis bank. The total debt, including interest, stood at Rs 19,805.7 crore on August 31, 2020.
Is Mukesh Ambani richest in the world?
Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion. The chairman of India’s Reliance Industries Ltd.
Is Tata debt-free?
Tata Motors, announced at last year’s AGM, its aim to become a debt-free company within three years. “The company declared a goal to become a zero-debt company by FY24.
How much did Reliance Jio invest in its 4G network?
Reliance Jio invested ₹ 150,000 Crores ($ 22 billion) into this fiber-optic network. Put this in perspective – this is more than two times the combined investment of Airtel, Idea, and Vodafone in the 4G segment (and remember that most of the other investments are not even complete as of now).
Who is the owner of Jio platforms?
In 2013, Mukesh Ambani renamed ISBL as Jio Platforms, which operates Reliance Jio Infocomm Limited as a wholly owned subsidiary. Also Read – Silver Lake set to invest Rs 5,655 crore in Reliance Jio platforms
What is Reliance Jio’s second investment from Silver Lake?
June 5: Reliance Jio brought in a ₹ 9,093.60 crore investment from Mubadala on June 5 in exchange for a 1.85\% stake. The company announced a second investment from Silver Lake on June 5 – this time worth ₹ 4,546.80 crore for a 0.93\% stake.
Is Reliance Jio a strategic alliance?
Reliance Jio Investments and Tentative Effect on the Share Price Strategic alliances and importance in the company’s activity: The strategic alliance between two organizations includes co-operation in business activities with the purpose of benefiting with the strengths of each other and gaining a competitive advantage.