RIL dips 3% post Q4 nos; Silver Lake to invest Rs 5,656 cr in Jio Platforms

In the past one month, RIL has rallied 42 per cent, as compared to a 18.6 per cent rise in the benchmark index till Thursday.

Shares of Reliance Industries (RIL) dipped 3 per cent to Rs 1,420 on the BSE in the early morning trade on Monday after the company reported a 33.5 per cent decline in its consolidated profit before tax (PBT) at Rs 9,223 crore for the quarter ended March 2020 (Q4FY20) due to pressure in its petrochemicals business, higher expenses and exceptional items.

Meanwhile, RIL on Monday announced that Silver Lake will invest Rs 5,656 crore in Jio Platforms, a wholly-owned subsidiary of the company. This investment values Jio Platforms at an equity value of Rs 4.90 trillion and an enterprise