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Posts Tagged ‘ Anil Ambani ’

Anil Ambani’s Reliance Capital sells its stake in Paytm for $41 mn

Tuesday, March 7, 2017 | More »

Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for Rs 275 crore ($41 million) to China’s Alibaba Group, a report by Press Trust of India stated, citing unnamed sources. Reliance Capital had put in Rs 10 crore for its investment in the w...


Reliance Capital looking to sell its 1% stake in Paytm for $50-60 mn

Anil Ambani-controlled Reliance Capital Ltd is reportedly in talks to sell its 1% stake in digital payments firm Paytm as it looks to trim its proprietary investment portfolio and monetise non-core assets. Press Trust of India reported, citing some people in the know of things, that the company was ...

18 February, 2017 | More »


Reliance Entertainment picks stake in FunOnGo, launches entertainment app Chillx

Anil Ambani-owned Reliance Entertainment has picked a majority stake in digital content and distribution company FunOnGo Media & Entertainment LLP to enter the video-on-demand space. FunOnGo Media & Entertainment has developed a new over-the-top (OTT) Android app called Chillx. The all-in-on...

9 November, 2016 | More »


Property search aggregator Square Yards raises $12 mn

Gurgaon-based property search aggregator Square Yards Consulting Pvt. Ltd has secured Rs 80 crore ($12 million) from the private equity arm of billionaire Anil Ambani’s Reliance Group. Square Yards will use the funds to enhance its distribution network across India and overseas and expand operati...

9 November, 2016 | More »


RCom suspends launch of Facebook’s Free Basics after TRAI missive

Bowing to regulatory pressure, Anil Ambani-controlled Reliance Communications Ltd has suspended the commercial launch of Facebook’s Free Basics initiative. “As directed by the Telecom Regulatory Authority of India (TRAI), the commercial launch of Free Basics has been kept in abeyance, till t...

23 December, 2015 | More »


Reliance Entertainment invests in new media JV with Spielberg

Anil Ambani-led Reliance Group has come in as a partner in a new global media entertainment joint venture with ace Hollywood director Steven Spielberg, Jeff Skoll’s Participant Media and LSE-listed Entertainment One. Christened Amblin Partners, the JV will create content using the Amblin, Drea...

18 December, 2015 | More »


Luxuryhues raises under $1M from Reliance Capital

Anil Ambani-controlled Reliance Capital Ltd has invested Rs 6 crore ($903,000) in Luxuryhues.com, a Gurgaon-based marketing consultancy and shopping platform for luxury goods. “As part of our investment portfolio, we are providing seed capital of approximately Rs 6 crore only in Luxuryhues.com, a...

1 September, 2015 | More »


Reliance Games to launch incubator for gaming startups; may invest in them

Anil Ambani-led Reliance Games is launching an incubator for gaming startups, and is also planning to invest in them, according to a report by The Economic Times, citing Manish Agarwal, head of Reliance Games and CEO of Reliance Entertainment. However, more details on the same are not disclosed. Acc...

16 October, 2014 | More »