Friday, April 26

Tag: Stake acquisition

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio
4May By NitishNo Comments
ACQUISITION

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio

After Facebook, US-based leading global tech investor Silver Lake acquire 1.15 percent stake in India's leading telecom arm Jio for $750 Million. The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 percent to the Facebook deal. The Facebook and Silverlake investment would value Reliance Jio at around $65 billion. Reliance Jio have around 340 Million users in India, "This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.
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Reliance Brands Raises Stake in Future101 Design
31Oct By NitishNo Comments
ACQUISITION

Reliance Brands Raises Stake in Future101 Design

Reliance Industries Ltd (RIL) arm Reliance Brands has increased its stake in Future101 Design by 2.5 percent to 17.5 percent. "Reliance Brands Ltd, a subsidiary of the Company, has increased its equity shareholding in Future101 Design Private Limited (Future101) by 2.5 percent for a consideration of Rs 2 crore, taking its equity shareholding in Future1 01 to 17.5 per cent," RIL said in a statement. Luxury apparel firm Future101 reported annual turnover of Rs 27.91 crore, Rs 22.18 crore and Rs 20.85 crore in 2018-19, 2017-18 and 2016-17, respectively. No regulatory approvals were required for the said acquisition of shares, it said. The investment does not fall within related party transaction and none of the company's promoter or promoter group or group companies have interest...
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