ADIA announces Rs 4,966.80 cr investment in Reliance Retail Ventures Limited timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.
Mukesh Ambani entered into a 50:50 joint venture with BlackRock last year with Rs 1200 crore investment from each to enter the asset management business in India.
The stock was up nearly 2% in trade on Wednesday on the National Stock Exchange at Rs 247.10. Intraday, it touched a high of Rs 251.60, which is the highest level since September 12. The gains on Wednesday were backed by strong volumes of more than 40 million shares, which was double the three-month daily average volume of 20 million shares.
Jio Financial Services seeks RBI nod to convert from NBFC to core investment company yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Mukesh Ambani said that Reliance Industries had capitalised Jio Financial Services with a net worth of Rs 1,20,000 crore to create one of the world's highest capitalised financial service platforms on inception.