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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Reliance Industries Ltd    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

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India's Reliance Industries says KKR to invest $1.5 bln in digital unit

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05/21/2020 | 09:41pm EDT

NEW DELHI, May 22 (Reuters) - Indian oil-to-telecoms conglomerate Reliance Industries said on Friday U.S. private equity firm KKR will buy 2.32% of its digital unit Jio Platforms for 113.67 billion rupees ($1.50 billion).

Jio Platforms, which houses Reliance's digital businesses, including its telecoms venture Jio Infocomm, has now won a total of 785.62 billion rupees from marquee investors including Facebook Inc, General Atlantic, Silverlake and Vista Equity Partners in just a month. ($1 = 75.6230 Indian rupees) (Reporting by Sankalp Phartiyal; Editing by Muralikumar Anantharaman)

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK -1.61% 225.46 Delayed Quote.9.85%
INDIAN OIL CORPORATION LIMITED 0.19% 77.7 End-of-day quote.-38.11%
KKR & CO. INC. -1.40% 28.27 Delayed Quote.-3.09%
LONDON BRENT OIL -0.28% 35 Delayed Quote.-45.42%
ORANGE SA 1.30% 10.925 Real-time Quote.-17.84%
RELIANCE INDUSTRIES LTD 1.85% 1472.25 End-of-day quote.-2.76%
WTI -1.95% 32.857 Delayed Quote.-44.52%
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Financials
Sales 2021 5 555 B 73 474 M 73 474 M
Net income 2021 435 B 5 753 M 5 753 M
Net Debt 2021 1 771 B 23 424 M 23 424 M
P/E ratio 2021 21,2x
Yield 2021 0,45%
Capitalization 8 725 B 115 B 115 B
EV / Sales 2020
EV / Sales 2021 1,89x
Nbr of Employees 194 056
Free-Float 47,9%
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Technical analysis trends RELIANCE INDUSTRIES LTD
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 1 608,91 INR
Last Close Price 1 472,25 INR
Spread / Highest target 29,1%
Spread / Average Target 9,28%
Spread / Lowest Target -21,9%
EPS Revisions
Managers
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Chief Financial Officer
Nikhil Rasiklal Meswani Executive Director
Hital Rasiklal Meswani Executive Director
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