BROOKFIELD INFRASTRUCTURE PARTNERS
Stake sale in retail arm will help RIL to pursue growth initiatives; solidify its position: Analysts
The Silver Lake deal is the company's first divestment within the retail segment, which is currently wholly owned by RIL. With this deal, the oil-to-telecom conglomerate has now established an enterprise value for its retail segment, which sets the stage for further stake sales within the segment.
Can FB's $5.7b help ease RIL's debt worries amid Aramco holdup?
Despite Wednesday’s bounce, the stock trades some 14 per cent lower on a year...
Market Movers: Kotak Q3 spooks bank pack; Voda, realty stocks up, OIL hit
Reliance Industries was the biggest culprit for Monday’s fall, as i...
CCI approves Reliance's divestment of Jio tower assets
The proposed transaction involves the acquisition of indirect control of RJIPL by Jarvis, the Competition Commission of India (CCI) noted in a combination notice filed with it. Tower Infrastructure Trust, an InvIT, currently holds 51 per cent of the outstanding equity share capital of RJIPL. Current Sponsor of the InvIT is RIIHL.
Brookfield Infrastructure Partners to pump Rs 25,215 crore into Reliance’s tower assets
A wholly owned RIL unit to invest the amount in Tower Infrastructure Trust that will own 100% of equity capital of Reliance Jio Infratel
India to see M&A deals worth $52 bn in 2019
A new report by Baker McKenzie has predicted India M&A to remain stable in the next few years, with private investments reviving against the backdrop of a more favourable business environment, despite global headwinds. IPOs' proceeds is forecasted to dip from USD 3.4 bn in 2019 to USD 2.7 bn in 2020, before picking up again in 2021 to USD 4.3 bn.
Reliance Jio Q2 net up 45%, but ARPU signal weak
PAT rises to Rs 990 cr while ARPU falls on addition of more JioPhone subscribers.
Analysts give a thumbs up, RIL may gain up to 5% today
Analysts have been raising concerns over the oil-to-retail conglomerate’s increasing debt.
RCom scrapping merger plan with Aircel credit negative: Moody's
RCom and Aircel had in September last year signed a binding agreement to merge their mobile businesses.
Reliance Group chairman Anil Ambani to draw no salary or commission from RCom in FY18
“The decision is part of company promoters’ commitment to strategic transformation program,” RCom said in an official statement Wednesday.
Cabinet may consider Brookfield’s plan to buy RCom’s stake in Reliance Infratel next week
RCom, which has defaulted on its loan servicing obligations with more than 10 local banks, also hopes to complete its deal to merge wireless business with Aircel.