Rising in the pandemic: What makes Reliance so attractive for investors?

Reliance has raised more than $20 billion by selling stakes in Jio Platforms. Global investors including Facebook and Google bought a combined 33% in that venture this year

Mukesh Ambani, Chairman & MD, RIL

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1 min read Last Updated : Oct 02 2020 | 4:43 PM IST

We saw the third big-ticket investment in Reliance Industries' retail in a span of three weeks. PE firm General Atlantic is investing Rs 3,675 crore in Reliance Retail Ventures for a 0.84% stake. The same company had invested Rs 6,598 crore in RIL's Jio Platforms unit in May. 

Reliance has raised more than $20 billion by selling stakes in Jio Platforms. Global investors including Facebook and Google bought a combined 33% in that venture this year.

So, at a time when coronavirus pandemic has left companies bruised and battered, what is it that makes Reliance arms so attractive for investors? 

Business Standard's Viveat Susan Pinto explains in this podcast. Tune in to know more

 

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Topics :CoronavirusGoogleReliance RetailReliance JioRILReliance IndustriesFacebook

First Published: Oct 02 2020 | 4:36 PM IST

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