KalpanaPathak
Stories by KalpanaPathak
Reliance Jio buys 87% in AI chatbot firm Haptik Infotech for $101m
The investment will help Reliance Jio leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular langu
Brookfield to acquire RIL’s East West Pipeline for $1.87b
India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest ₹13,000 crore to acquire the loss-making unit.
Two Reliance Jio firms seek to raise $284m each via rights issues
The company has decided to demerge its fibre and tower assets into two separate units for more flexibility in leasing out the assets.
India’s Reliance Industries preparing to list retail arm soon
RIL operates its retail business through Reliance Retail Ventures, the holding company for Reliance Retail and Reliance Brands. The latter operates JV
Essar Oil acquires stakes in BP’s terminals, pipeline to expand in UK
The acquisition includes an 11.15% stake in the United Kingdom Oil Pipeline, a 45% share in the Kingsbury Terminal and 100% in the Northampton Termina
India: Reliance Industrial Investments Holdings plans to raise $563m
The funds will be raised across tranches through optionally convertible preference shares.
Indian Oil may drop plan to acquire stake in Mundra LNG terminal
Currently, GSPC owns a 50% stake in the project, while Adani group holds 25%.
India: Piramal Group mulls partnering with PE funds to acquire NBFC assets
Piramal’s interest comes at a time when many listed NBFCs have lost significant market value on growing concerns around asset-liability mismatches.
India: SBI-led lender consortium puts Videocon unit’s overseas assets on block
SBI along with other banks had advanced credit facilities to VOVL and its offshore subsidiary IBV Brasil Petroleo Ltd.
RIL subsidiary invests $8m more in automotive AI startup NetraDyne
In June, RIIHL had invested $16 million in the startup that focuses on fleet management.
