December 2019 \ Business & Investment \ NEW HONOURS
Mukesh Ambani 9th richest in the world: Forbes

Reliance Industries Chairman Mukesh Ambani ...

RIL recently announced plans to set up a wholly-owned subsidiary called ‘Jio Platforms Limited’ (JPL) for all its digital platform initiatives. It will infuse Rs 1.08 trillion more equity into JPL, which will invest that amount in Jio. RIL’s current equity investment is Rs 650 billion in Jio. Apart from RIL’s core business, brokerages said RIL’s presence across fashion, lifestyle and consumer electronics is far higher than any other player in the domestic market now.




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