Reliance Jio to acquire mobile business assets of RCom

Billionaire Mukesh Ambani on Thursday stepped in to bail out younger brother Anil Ambani’s debt-ridden Reliance Communications (RCom) by acquiring spectrum, tower, optical fiber network and other wireless assets. While the two companies did not disclose the deal size, banking people in the know pegged the transaction value at Rs24,000-25,000 crore. The announcement comes just […]

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Reliance Infrastructure sells Mumbai power business to Adanis for Rs 18,800 cr

Reliance Infrastructure today signed an agreement to sell its Mumbai power business to Adani Transmission for a total consideration of Rs 18,800 crore. Reliance Infrastructure (RInfra) announced the signing of a Definitive Binding Agreement with Adani Transmission (ATL) for 100 per cent stake sale of its Mumbai power business, which includes integrated business of generation, transmission and distribution […]

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Reliance Jio Money to Roll Out to Merchants From Monday

Reliance Jio Money to Roll Out to Merchants From Monday HIGHLIGHTS Jio Money will be rolled out to Merchants from December 5 Ambani talked about transferring money directly from bank accounts He promised 10 million merchants will be onboard shortly RIL Chairman Mukesh Ambani on Thuresday made an announcement where he outlined Jio’s entry into […]

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