Good News Reliance to restructure Jio, look for investors

[Ashok Varma]

Mukesh Ambani’s Reliance Industries Limited (RIL) on Friday announced a restructuring of its digital and telecom business, including Jio, through a multi-step process as it readies to raise external capital from both financial and strategic investors.
The move aims to make Jio debt-free by the end of this fiscal by moving its liabilities to the parent RIL even as capex for the telecom business is completed
RIL will set up a new holding company in which it will infuse Rs 1.08 lakh crore in equity
Reliance Industries to restructure Jio, look for investors - ET Telecom

 

[vishalrao]

Why "good news" ? Reliance is known to scam investors regularly. Remember "Reliance Power" IPO? See 10 years after RPower listing: Busting many myths

They will do something shady with Jio as well lol

 

[Bapun]

Why "good news" ? Reliance is known to scam investors regularly. Remember "Reliance Power" IPO? See 10 years after RPower listing: Busting many myths

They will do something shady with Jio as well lol

Good in the sense good for Reliance. Bad for investors.

 

[Ashok Varma]

AT&T and SoftBank may invest in Jio as more funds required for 5G expansion

 

[vishalrao]

AT&T and SoftBank may invest in Jio as more funds required for 5G expansion

source for this info? any link?

 

[Ashok Varma]

source for this info? any link?

You can google it.

 

[Kartz]

Why "good news" ? Reliance is known to scam investors regularly. Remember "Reliance Power" IPO? See 10 years after RPower listing: Busting many myths

They will do something shady with Jio as well lol

Reliance power was part of ADAG anilambani group