Ambani, Adani join hands as RIL buys 26% stake in Adani Power project
The two tycoons have signed an exclusive arrangement for 500 MW of power purchase by Reliance on a long-term basis
The two tycoons have signed an exclusive arrangement for 500 MW of power purchase by Reliance on a long-term basis
BHEL has received an order worth ₹4,000 crore from Adani Power for setting up the 2x800 MW thermal power plant at Raigarh, Chhattisgarh.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
Post the completion of this transaction, TV18 Broadcast’s equity stake in Viacom18 will increase to 70.49%.
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
Nita Ambani to be chairperson of RIL-Disney JV; RIL to invest ₹11,500 cr
Reliance and Disney to merge their media operations in India and Mukesh Ambani-led conglomerate is likely to hold a 61% stake in the merged entity, as per a report.
On Friday, JFS shares rose as much as 14.5% to hit a new all-time high of ₹347, while the market capitalisation increased to ₹2.07 lakh crore.
Deal reports with Disney, good Q3 results, and analysts' upgrades trigger 14% rally in RIL stock in 2024 so far