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The Telegraph June 23, 2020 R eliance Industries on Monday became the first Indian firm to hit a market valuation of $150 billion during the day. In the morning trade, the company’s market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore ($150 billion) on the BSE. However, it failed to continue the momentum and at the close of the trade, the company’s market valuation remained at Rs 11,07,620.56 crore ($145.68 billion). The heavyweight stock surged 2.53 per cent to a record high of Rs 1,804.10 during the day on the BSE. However, fag-end selling emerged on the counter and it declined 0.70 per cent to close at Rs 1,747.20. On the NSE, it erased all early gains and closed at Rs 1,752.50, 0.39 per cent lower after rising 2.54 per cent to an all-time high of Rs 1,804.20 during the day. RIL on Friday became the first Indian company to cross the Rs 11-lakh crore market valuation mark. Its market valuation crossed Rs 11 lakh crore in the previous session as its ...

Hindustan Times 19 June 2020 Posted by: Harshit Sabarwal In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm’s digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue. Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months. In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm’s digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue. The company had a net-debt of Rs 1.61 lakh crore as on March 31, 2020. “I have fulfilled my promise to the shareholders by making Reliance net-debt free much before our original schedule of March 31, 2021,” he said. Reference:  https://www.hindustantimes.com/business-news/reliance-is-net-deb...

The Hindu 14 June 2020 Billionaire Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries has raised a record ₹1.04 lakh crore in less than eight weeks from sale of minority stakes in its digital unit Jio Platforms to marquee investors. On Saturday evening, it announced sale of 0.93% in Jio Platforms to global investment firm TPG for ₹4,546.80 crore and 0.39% to private equity firm L Catterton for ₹1,894.50 crore. With these, Reliance has now sold 22.38% of Jio Platforms to investors including Facebook Inc, securing ₹1,04,326.95 crore in less than eight weeks, a company statement said. The investments in Jio Platforms, which comprises the firm’s telecoms arm Reliance Jio Infocomm and its music and video streaming apps, give the unit an enterprise value of ₹5.16 lakh crore, it said. It has literally been an investment spree into Jio Platforms ever since Facebook announced its ₹43,573.62 core infusion on April 22. Besides Facebook, Reliance has attracted some o...