Reliance has been announcing deal after deal for stake sale in its Jio Platforms and many companies have invested in the fast growing network.
Reliance Industries has witnessed amazing rally in the recent months and thanks to plans of Mukesh Ambani to make the company debt-free, investor confidence in Reliance is at an all-time high.
Mukesh Ambani announced his plans to make Reliance Industries debt free by early 2021.
Mukesh Ambani’s latest ecommerce venture JioMart has launched in additional cities across India after the company ran a pilot project in Mumbai.
Facebook recently announced investment in Reliance Platforms and the deal will boost Reliance Jio’s presence in Indian retail via Facebook’s social networking app WhatsApp.
Reliance Industries Chairman Mukesh Ambani has undisputed position on the top in the list of rich Indians. He is followed by Radhakrishan Damani with combined assets of USD 11.7 billion.
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