One of the most valuable company of Indian stoke market, Reliance Industrial Limited has bringing news of most effective investment from global market companies.
Now, we will see some companies who are going investing in Reliance Industrial Limited as markets remain under pressure due to coronavirus and oil prices crash. All investors interested to billions of investment by a total of their. Such a companies like Facebook and Brookfield.
Should we be happy for this news of increasing of Indian globalisation ?
Yes, of course. It could be bringing a lots of beneficial things which can make our domestic life easily. It could also giving us to best platform for new generation regarding to comfort and technological life.
There are such a five global friend of investing in RIL.
Let`s have look that in detail of who global investing companies came for RIL.
1. Mark Zuckerberg (founder of Facebook) : Facebook invests Rs 43,574 Cr in Reliance Jio.
Facebook, Inc. is an American social media and technology company based in Menlo Park, California.
Facebook`s biggest investment since its takeover of WhatsApp could empower new combatant in e-commerce war raging between Amazon & Walmart’s Flipkart.
Facebook to buy 9.99% stake in Reliance Jio platforms for $5.7 billion.
Facebook invests Rs 43,574 Cr in Reliance Jio for 9.99% stake and becomes largest minority shareholder.
“Facebook investment will accelerate Jio’s digital monetisation drive, and the partnership will leverage WhatsApp for new commerce initiative,” Credit Suisse said.
2. Bob Dudley (Ex-Chief Executive of BP) : Investment in Reliance – Rs 42,500 Cr
Who is Bob Dudley ?
Robert Warren Dudley is an American-born businessman who is the former group ex-chief executive of BP.
After a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and he was retired on 31 March 2020. He had served as president and chief executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organisation responding to the Deep-water Horizon oil spill.
Investment in Reliance – Rs 42,500 Cr :
In January 2011, BP (Oil industry company) and Russian oil producer Rosneft announced a $7.8 billion strategic equity-linked partnership. Soon after, BP picked up 30 per cent stake in Reliance Industries’s (RIL) major oil and gas blocks, including Krishna-Godavari (KG) D6 basin, for $7.2 billion (Rs 32,000 crore at that time).
BP (Oil industry company) further contributed to the Rs 35,000 crore field development plan in R Series and Satellite blocks, despite the partners failure to turn the asset around. Moreover, RIL-BP formed a joint venture for fuel retail – another Rs 7,000 crore investment from BP.
Dudley travelled to India many times during these years and he was shown many times with Mr. Ambani.
Dudley also came for the wedding of Isha Ambani and Anand Piramal in 2018.
A 10.5 cents per share dividend was announced, in line with Q4 2019.
“BP’s future financial performance, including cash flows, net debt and gearing, will be impacted by the extent and duration of the current market conditions and the effectiveness of the actions that it and others take, including its financial interventions,” the company said in its results statement.
3. Mohammed bin Salman (Crown Prince of Saudi Arabia) : Proposed Investment – Rs 1 lakh Cr
Mohammed bin Salman bin Abdulaziz al-Saud, colloquially known as MbS, is the Crown Prince of Saudi Arabia.
Mohammed bin Salman in Febriary 2019, when the de-facto leader was visiting India. A major agenda during their discussions was Saudi Aramco’s investment plans for India. Ambani, who had heavily invested in telecom (around Rs 3.5 lakh crore), wanted to reduce the debt of Reliance by roping in strategic investors.
Mr. Ambani shared his plan to increase petrochemical production when electric mobility overtakes fossil fuels and the Prince was impressed. It culminated in 20 per cent stake sale plan in oil and chemicals business of Reliance at Rs 1 lakh crore. The deal is expected be delayed due to the crash of oil price.
4. Bruce Flatt (CEO of Brookfield) : Investment – Rs 38,215 Cr
firstly, We are going to know about Brookfield.
Brookfield Asset Management Inc. is an alternative asset management company focusing on real estate, renewable power, infrastructure and private equity.
The company’s headquarters are located in Toronto, and it also has corporate offices in New York City, London, Rio de Janeiro and Sydney.
Is Brookfield a good for investment ?
The stock has a valuation of 24 times earnings, but with its liquidity and diversified revenue streams, Brookfield Asset Management is well-positioned for continued growth, even through an economic downturn, and is a good buy.
Investment of Rs 38,215 Cr :
Brookfield is an alternative asset management company with over $540 billion in assets under management in 30 countries. Their first attempt was to buy the tower assets of Anil Ambani group’s bankrupt firm Reliance Communications in 2016-17. Last year, it bought the loss-making East West Pipeline of Mukesh Ambani, earlier known as Reliance Gas Transportation Infrastructure, for an enterprise valuation of Rs 13,000 crore.
Canada’s Brookfield Infrastructure Partners LP and its institutional partners had invested another Rs 25,215 crore in the telecom tower investment trust (InvIT) of RIL in December last year.
Mr. Ambani looks for investment in optical fiber InvIT also. The deal has not been finalised yet.
5. Bill Gates (Chairman of Microsoft) : No financial Commitment
William Henry Gates III is an American business magnate, software developer, investor, and philanthropist. He is best known as the co-founder of Microsoft Corporation.
Mukeshbhai has a longstanding friendship with Microsoft founder Bill Gates. In 2014, Reliance had bought a minority stake in Terra Power, a US-based nuclear-technology design and engineering company that was founded by Bill Gates. But a stronger tie up between Microsoft and Reliance was in the making
In the last RIL Annual General Meeting, Mr. Ambani announced a partnership in cloud computing with Microsoft. Under the partnership, Jio will set up data centres across India, where Microsoft will bring its cloud platform, Azure. Satya Nadella, CEO of the tech giant was also virtually present at the RIL shareholders meeting.