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Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai. It is a subsidiary of Reliance Industries . Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance.
This gave Jio Financial Services a liquid asset base of Rs 20,700 crore. [4] Investors in Reliance also received 1 equity share of Jio Financial Services for every share they held in Reliance Industries. [5] The company was listed on the stock exchanges on August 21, 2023. However, it was removed from BSE and FTSE indices in September 2023. [6]
jio.com. Reliance Jio Infocomm Limited (d/b/a Jio) is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai, Maharashtra. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 5G, 4G and 4G+ services all over India.
Jio Platforms is investing $200 million in Glance, which serves media content, news and casual games on Android handsets’ lockscreen, the two said Monday, the latest in a series of bets from ...
Reliance Jio Platforms, which has raised $15.2 billion in the past nine weeks, said today that Saudi Arabia’s PIF $1.5 billion investment on Thursday marked the “end of Jio Platforms' current ...
Intel became the 12th company to invest in Reliance Jio platforms after it invested ₹1,894.50 crore ($250 million), the total investments in Jio platforms is ₹117,588.45 crore so far. [65] On 16 July 2020, Google announced that it will acquire a 7.7% stake in Jio Platforms for ₹33,737 crore. [66]
Over the past decade, the Indian cellular services market has seen rapid consolidation. The launch of Jio Platforms in 2016 changed the market dynamics substantially as the company offered free data and voice services during its first year of operations, prompting a fierce price war in the market. Jio managed to garner over 8 crore (80 million ...
Meta Platforms, Inc., [10] ... and a 9.99% stake in Jio Platforms; ... The stock price left the company with a higher market capitalization than all but a few U.S ...