What's Cooking in RELIANCE ???

May 26, 2020 84 views

Reliance Being India's Larget Public Limited Company having Market Valuation of more than 10.0 lacs Crores is on its way to Leverage its Brand Name to become Technology Giant. Mr Mukesh Bhai Ambani once said in their AGM that "DATA WILL BE THE NEXT OIL" means a lot for their Investors n their vision for his Company.

With more than 20 Acquisition , 3 Mergers n almost 1.05 lakhs of Equity Dilution in last one year Reliance has come up with India's ever most expensive Rights Issue of almost 53k Crores in this adverse time speaks aggresiveness of India most admired Business man Mr Mukesh Bhai Ambani.

Reliance Industries sold a total of 17.04 percent stake in its wholly owned subsidiary, Jio Platforms, to private equity investors - Silver Lake, Vista Equity Partners and General Atlantic , KKR and Facebook Inc, On May 18 this year General Atlantic said it will buy 1.34% stake in Jio Platforms for Rs6,598.38 crore, while Vista Equity Partners said on May 8 it will be picking up a 2.32% stake for Rs11,367 crore. Prior to that, US private equity firm Silver Lake said it will invest Rs5,655.75 crore in Jio Platforms for a 1.15% stake and on April 22, Facebook said it would invest $5.7 billion for a 9.99% stake and latest is KKR  all set to Invest 11367 crores in Jio Platforms for 2.32% stakes.

Rights Issue Size

Billionaire Mukesh Ambani-owned Reliance Industries' rights issue size is Rs 53,125 crore and it will issue 42,26,26,894 equity shares. India's biggest ever right issue has been priced at Rs 1,257 per share which had ex-right date at May 13, 2020. The rights entitlement ratio is 1 equity share for every 15 equity shares held by eligible shareholders as on the record date which was May 14

Reliance Most Valuable Acqusitions

NOWFLOATS : RIL has Acquired 85% Controling state in Hyderabad based Start Up for 141.63 crores. NOWFLOATS offer SAAS based Solutions to SME's.

FYND :Earlier in August 2019 RIL has invested 295.25 crores in Google Backed Start Up FYND. FYND is middleman for physical retail outlets n e-commerce stores.

HAPTIK:RIL in early 2019 also Invested Whopping 700 cr in Artificial Inteliigence firm Haptik.Haptik is a Conversation AI Platform which enables Customer engagment. 

Asteria Aerospace: As the name indicates Asteria develops Drone based solutions to provide intelligenve from aerial data for military & Industrial applications. RIL invested 23.12 crores in Asteria .

Tessaract Inc. : Founded in 2015 by MIT alumnus Khitij Marwah Tessarect deals into AR/VR based Hardware n Software solutions.RIL acquire 92.7% stake for 10.12 crores in May 2019.

Easy Gov :RIL subsidiary Reliance Industrial Investments & holdings Acquire majority stake in Noida based Start Up "EASY GOV" for Cash Consideration of Rs 18 Crores.

Hamleys : In May 2019 Reliance Acquire 100% stake in British Toy major Hamelys Global Holdings Limited (HGHL) for 620 crores (GBP 67.96 million). Hamleys was named after Mr William Hamley who started toy shop in London in 1760.

GRAB : RIL acquire 83% majority Stake in Mumbai based Hyper Local Delivery Platform GRAB for all cash deal amounting Rs 186 crores. 

C- Square : RIL also acquire 82% stake in Bengluru based software company by making a cash investment of Rs 82.04 crores. 

Also in 2018, it had signed deals with Saavn music app, Eros International Plc., NetraDyne Inc., Karexpert Technologies, Vakt Holdings, Indiavidual Learning, Radisys Corp., Kai OS Technologies and SkyTran Inc., among others.

The Pace at Reliance is acquring Technology Companies shows  RIL’s aspiration to become Technology Giant by 2025.