Reliance Industries, led by billionaire Mukesh Ambani, pushed back against suggestions that it is trying to keep Elon Musk’s Starlink out of India, saying its own satellite venture is still awaiting regulatory clearances.
Reliance Industries may offer investors a cheaper way to own Jio Platforms after the telecom unit lists, with analysts saying the parent company’s shares reflect a substantial discount.
Reliance Industries is planning to raise as much as $1.3 billion via local-currency bonds as early as next week, people familiar with the matter said, which would make it the largest listed deal in the market this year.