Jio to get a new Rs. 11,367 crores investment from another US based private equity firm

After Facebook and US based private equity firm Silver Lake, it is now US based private equity firm Vista Equity Partners who have decided to invest in Reliance Jio. On Friday, the 8th of May, Reliance Industries announced a $1.5 billion (Rs. 11,367 crores) stake sale in its digital unit Jio Platforms. It declared a
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Tata Consumer Product Limited and Flipkart said that they would work together and launch the distribution solution so that they can help the COVID-19 pandemic. They are just enabling the access of essential food to the consumers.

On this Wednesday, Filpkart owned by Walmart, and they stopped operation due to coronavirus outbreak. They have addressed the Indian’s and said that they are temporarily suspending their service.

PM Narendra Modi has declared a 21-day country-wide lockdown to stop the spread of coronavirus outbreak.

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