With Jio stake sale, RIL struck more sale deals in Q1 than in last 11 years

In terms of value, RIL's June quarter deal (sales, purchase and joint venture included) activity, is more than 68 per cent of the conglomerate's combined deal activity between FY2010 and FY2020

Mukesh Ambani promoted Reliance Industries (RIL)’s $15.20 billion worth stake sale in Jio Platforms, outperforms the combined value of sale and joint venture deals the company struck in the last 11 years.

According to data sourced from Bloomberg for RIL’s deal activity - which includes sale, purchase, investments and joint venture transactions, RIL undertook $22.30 billion worth of deal activity between FY2010 and FY2020. Of this $ 22.30 billion, Reliance Industries is identified as the acquirer only in $ 7.34 billion worth of deals. The rest, worth $ 14.95 billion, are either stake sales or joint ventures.

In terms of value, RIL’s