Reliance Industries Limited
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Franchise India Bureau May 09 2018 - 1 min readGlobal asset manager BlackRock Inc. and Reliance Nippon Life Asset Management Ltd have emerged as the top bidders for IDFC Asset Management Co. Ltd in the first round, a financial daily reported. A report from financial daily said that the potential buyers are likely to offer Rs 2,000-2,500 crore, while the ...
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Franchise India Bureau Apr 13 2018 - 2 min readThe country’s biggest private sector company Reliance Industries Ltd (RIL) will invest $180 million (Rs 1,175 crore) in ed-tech startup Embibe, as the private sector giant bets on digital businesses after quickly ramping up its data-led telecom unit. The energy-to-retail conglomerate plans to acquire a 72.69% stake in Bengaluru-based Embibe from ...
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Franchise India Bureau Mar 26 2018 - 2 min readReliance Industries (RIL) has signed definitive agreements for merging online music streaming platform Saavn with JioMusic. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 million. According to the company statement, the integrated business will be developed into a media platform with global reach, cross-border ...
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Franchise India Bureau Feb 21 2018 - 2 min readIn an attempt to strengthen its content strategy, Mukesh Ambani’s Reliance Industries is acquiring 5% stake in NYSE-listed Eros International, holding company of Indian Cinema Eros International Media (Eros India). In a statement issued by the company, an overseas subsidiary of RIL will acquire Eros’ shares for $15 apiece, at an 18% premium to the ...