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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: Last week I wrote about Reliance Jio and Facebook, from the point of view of what is in it for each player, if a transaction goes through. If you haven’t read that, I suggest you do to get context. Earlier this morning the transaction was announced. From Jio’s media release: Reliance Industries Limited, Jio Platforms Limited and Facebook Inc today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion), assuming a conversion rate of Rs 70 to a US dollar. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. Money coming in is good for Reliance, and will help reduce its indebtedness. Something that’s been a lingering problem for the company. Reliance will use Rs 28,574 crore from the Rs 43,574 crore incoming to pay debts. The remaining Rs 15,000 crore will be left in Jio Platforms. For now. In return for Facebook’s minority investment, the …
Editor's note: Last week I wrote about Reliance Jio and Facebook, from the point of view of what is in it for each player, if a transaction goes through. If you haven’t read that, I suggest you do to get context. Earlier this morning the transaction was announced. From Jio’s media release: Reliance Industries Limited, Jio Platforms Limited and Facebook Inc today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion), assuming a conversion rate of Rs 70 to a US dollar. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. Money coming in is good for Reliance, and will help reduce its indebtedness. Something that’s been a lingering problem for the company. Reliance will use Rs 28,574 crore from the Rs 43,574 crore incoming to pay debts. The remaining Rs 15,000 crore will be left in Jio Platforms. For now. In return for Facebook’s minority investment, the …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
