Page 132 - Reliance Industries

Top headlines: RIL becomes net debt free, ICICI Bank's stake sale and more

From Reliance Industries net debt free to India-China border clash, here are the top headlines of the day

RIL a net debt-free firm now, will rope in investors in retail biz: Ambani

As on March 2020, RIL had a net debt of Rs 1.61 trn and managed to turn itself net debt-free after raising Rs 1.68 trn via a 24.7% stake sale in Jio Platforms, and its rights issue

In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days

Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020

Reliance Industries hits new high; market-cap crosses Rs 11 trillion

RIL raised over Rs 168,818 crore in just 58 days become net debt-free company. Mukesh Ambani now plans to list the telecom and retail businesses in the next five years

What makes Morgan Stanley, Goldman Sachs, CLSA bullish on RIL

According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock

RIL net debt free before schedule; to list retail, telecom biz within 5 yrs

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms.

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

Top headlines: Saudi fund buys stake in RIL arm, Fitch cuts India ratings

Reliance has sold almost 25 per cent of equity in Jio Platforms since April. Read about that story and more in our morning news wrap.

Reliance sells 2.32% stake in Jio to Saudi wealth fund PIF for Rs 11,367 cr

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion", the company said in a statement.

Jio may capture nearly half the Indian telecom market by FY25: Bernstein

Jio's market share is expected to rise from 36 per cent in FY20 to 40 per cent in the current fiscal and to 48 per cent in FY25, it said

CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

Faster deleveraging, recovery in energy, retail could spur RIL re-rating

Over the past two months, it has announced the sale of $ 14 billion of assets, completed a $7 billion rights issue and slowed the run rate of new investment by a quarter

Next leg of RIL debt-reduction to be driven by energy business: Report

RIL has started to hive off its oil-to-chemicals entity which comprises of its twin oil refineries at Jamnagar in Gujarat as well as petrochemical units

Reliance Industries' partly paid share price more than doubles on debut

Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value

RIL partly paid-up shares make strong debut, surge 10% to Rs 710.65 on NSE

RIL issued shares at Rs 1,257 apiece in the rights issue but the entire payment has to be paid in three tranches.

Market Ahead, June 15: Top factors that could guide markets this week

SGX Nifty is also down around 40 points, indicating a flat to lower opening for the Indian indices

Jio fundraising tops Rs 1 trillion as TPG, L Catterton invest Rs 6,441 cr

The valuation of the deals is in line with recent transactions pegging Jio's equity value at Rs 4.91 trillion and enterprise value at Rs 5.16 trillion

Second deal in a day for Jio Platforms: L Catterton to invest Rs 1894.5 cr

Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22

TPG to invest Rs 4,547 cr; Jio Platforms fund raising crosses Rs 1 trillion

This is the eighth deal announced by RIL in the last two months

RIL partly-paid shares under rights issue to debut on bourses on Monday

These shares are worth a fourth of the fully-paid up shares of RIL that are traded on the bourses