Tag: Mukesh Ambani
General Atlantic to invest $870M in India’s Reliance Jio Platforms
Mukesh Ambani’s Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $869.8 million in the Indian telecom operator,…
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Silver Lake to invest $747M in India’s Jio Platforms
Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.74 million) in the top telecom operator Jio Platforms, giving it a valuation of $65 billion. Reliance…
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With fresh support from its billionaire backers Pivot Bio is ushering in a farming revolution
In the first decade of the twentieth century two German chemists, Fritz Haber and Carl Bosch, invented fertilizer — the nitrogen compound which ushered in modern agriculture and saved the world from potential starvation. Now, over a century later, a new group of scientists backed by government-owned international investment funds…
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Vodafone Idea shares tumble 23% after India orders it to pay billions in dues
Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement, the Supreme Court rejected telecom networks’…
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