- Wealth PMS (50L+)
Reliance is in the thick of the news. A stake sale of 10% to Facebook, of it's Jio Platforms subsidiary at a value of, pre-money, around 375,000 cr. Then, a couple other PE funds latching on with another 18,000 cr. or so. A further push on the deal with BP is on, and they're also looking to sell the stake in the oil complex they own.
But what we'll speak today is about the Reliance Rights Issue. This sounds like a Civics Project. (Note from the other people at Capitalmind: Author has . . .