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cheap nfl jerseys Global growth equity firm General Atlantic will invest Rs 6,598.38 crore in Jio Platforms against 1.34 percent equity stake, Reliance Industries Limited said in a BSE filing.”It is definitely a sentiment booster as Jio wants to be a high end technology company than normal telecom operator. Hence it aims to attract marquee investors and technology partners,” Kedar Shahoo Kadam, DGM Head Research at Cholamandalam told Moneycontrol.He said Jio plans would be much bigger than currently on table.”Hence there could be lot of things (on retail, gaming, entertainment etc) in the pipeline to transform from telecom to high end technology company. Jio will chase entire telecom landscape with much more add on services to offer apart from call and data through digitalisation,” he added.The biggest ever rights issue by Reliance Industries, the largest company by market capitalisation, will open for shareholders on May 20 and will close on June 3.The largest ever rights issue of Rs 53,125 crore will open for subscription on May 20 and the closing date is June 3, 2020.Company has been fixed issue price at Rs 1,257 per share for its rights issue, the first by Reliance Industries in nearly three decades.The rights entitlement ratio is 1 equity share cheap nfl jerseys for every 15 equity shares held by eligible shareholders as on the record date which was May 14.RIL is India’s largest private sector company, with a consolidated turnover of Rs 6,59,205 crore, cash profit of Rs 71,446 crore, and net profit of Rs 39,880 crore for the year ended March 2020.Ahead of its mega rights issue, Reliance in its corporate presentation ‘New Reliance for a New India’ highlighted the hyper growth of consumer businesses along with a robust oil to chemicals (O2C) platform, robust and high quality balance sheet to be sustained by strong cash flow generation, and improved cash flow generation increases potential for greater shareholder benefits, reflecting in the re rating of the stock.It is now at the beginning of a new and unprecedented wave of wealth creation for India by harnessing the power of new technologies to fire its diverse growth engines, it said.After General Atlantic deal, Akash Ambani, Director of Reliance Jio said, “Jio is committed to make a digitally inclusive India that will provide immense opportunities to every Indian citizen especially to our highly talented youth.” cheap nfl jerseys.

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