Last month we covered the articles describing the commercial aspects of Facebook & other global leading Private Equity firm’s investment in Reliance Jio. In this article, we will try to evaluate how Reliance Industries Limited (RIL) built Jio (financially) and re-structuring it did before finally going for fundraise. We have tried to divide the article into three parts:
No introduction is required for Reliance Industries Limited (“RIL”). However, in brief, it is India’s largest private sector company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.
Reliance Jio Infocomm Limited (“RJIL”), a step-down subsidiary of RIL, has built a world-class all-IP data strong future proof network with latest 4G LTE technology.
Jio Platforms Limited (JPL), a WoS of RIL, created to transfer its investment in RJIL. JPL is currently a holding company for RJIL.