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The investment will value Reliance Retail at a pre-equity value of INR 4.21 lakh crore

The investment from Silver Lake in RRVL came months after it invested $1.35 billion in Jio Platforms earlier this year

Reliance Industries' retail subsidiary is acquiring Future Group's retail-wholesale business and logistics-warehousing business for INR 24,713 crore

The investment of INR 620 crore will give Reliance Industries 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries

Bloomberg Billionaire's Index has pegged Mukesh Ambani's net worth at USD 80.6 billion after he amassed a whopping USD 22 billion this year

JioMart is currently trying to scale its geographical reach and delivery capabilities

The investment will help Jio Platforms to roll out advanced 5G infrastructure and services for Indian customers.

Intel Capital, the investment arm of Intel Corporation, is the 11th investor to announce an investment in Jio Platforms

Jio Platforms has raised INR 115,693.95 crore from 10 leading global investors in return of 24.70 per cent stake

The pile of investments peg Jio Platforms' equity value at INR 4.91 lakh crore and an enterprise value of INR 5.16 lakh crore

With yet another investment, this time from the Abu Dhabi Investment Authority, the digital unit of Mukesh Ambani-led Reliance Industries has now raised INR 97,885 crore in less than seven weeks.

Tesseract is a MIT Media Lab spin-off that creates products in the augmented and virtual reality space. Last year, Reliance Industries acquired a majority stake in the company.

The success of the rights issue also comes at a time of increasing uncertainty for most businesses in India who have been hurt by the Coronavirus outbreak-enforced lockdown.

Microsoft chief Satya Nadella addressed industry leaders at the Microsoft Future Decoded: CEO Summit event in Mumbai on Monday and also sat down with Reliance Industries chairman Mukesh Ambani.

Under the proposed arrangement, TV18, which runs news channels including CNBC TV18 and CNN News 18, broadband and television provider Hathway Cable and Datacom, and cable TV distribution company Den Networks will merge into Network18.

The brand's e-commerce push with a strong focus on building a strong consumer base and delivery network led to this jump, according to a report released by Deloitte India, a consultancy service company.

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