Which company buy Jio share?
American PE firm KKR acquired a 2.32\% stake in Jio Platforms for ₹113.67 billion (US$1.5 billion). In June 2020, Emirati sovereign fund Mubadala confirmed that it would acquire a 1.85\% stake in the company for ₹90.936 billion (US$1.2 billion).
Is it good time to invest in Reliance?
Good time to buy? Reliance Industries share price today hit a new high of ₹2,525 apiece on the NSE. The oil-to-retail-to-telecom conglomerate’s scrip has given fresh breakout today above ₹2500 and it may go up to ₹3,000 per stock levels in medium-term time horizon, as per stock market experts.
Is Reliance and Jio same?
In June 2010, Reliance Industries (RIL) bought a 95\% stake in IBSL for ₹4,800 crore (equivalent to ₹91 billion or US$1.2 billion in 2020). Later continuing as RIL’s telecom subsidiary, Infotel Broadband Services Limited was renamed as Reliance Jio Infocomm Limited (RJIL) in January 2013.
Is there a queue to buy Jio shares?
Also, the ability to monetize Jio is yet to be displayed. MUMBAI : It appears there is a never-ending queue of investors lining up to buy shares of Jio Platforms Ltd. It all started with Facebook Inc. making a strategic investment of ₹ 43,574 crore ($5.7 billion) for a 9.99\%-stake in the firm.
Which companies are investing in Reliance Jio?
Fast forward to the present and all of Facebook, Microsoft, Google and Amazon have either invested or are in talks to invest in Jio/Reliance (I say Reliance here because Amazon is in talks to invest in the retail arm of Reliance and not Jio exactly).
Will Jio platforms be able to monetize Jio?
Worthy competition still exists in many of the verticals Jio Platforms is targeting. Also, the ability to monetize Jio is yet to be displayed. MUMBAI : It appears there is a never-ending queue of investors lining up to buy shares of Jio Platforms Ltd.
Why is RIL’s Jio share price rising?
By and large, strong investor interest in Jio Platforms is rubbing off on RIL, where the traditional oil-linked businesses have taken a hit owing to covid-19. RIL shares have risen by about a third since it announced the Facebook investment, compared with a less than 10\% increase in the Nifty 50 index during the same period.