RIL only Indian company on global list of 100 firms that prospered during the pandemic
A list of top 100 companies by Financial Times ranked Mumbai-based RIL at 89. The publication ranked companies based on resiliency during the pandemic.
July 03, 2020 / 12:38 PM IST
Billionaire Mukesh Ambani's Reliance Industries (RIL) is the only Indian company to feature on a list of businesses that prospered during the Coronavirus enforced lockdown.
A list of top 100 companies by Financial Times ranked Mumbai-based RIL at 89. The publication ranked companies based on resiliency during the pandemic.Also Read: Jio Platforms | From Facebook to Intel, here's a fact-box of the 12 deals so far
"While Reliance's core energy businesses have struggled during the pandemic, foreign investors flocked to its digital arm Jio. After Facebook bought a 10 per cent stake for $5.7 billion in April, Jio sold stakes to everyone from Silver Lake and KKR to Mubadala," the publication said.
RIL's telecom unit Jio Platforms has raised Rs 1,17,588.45 crore from global investors since April 22, the conglomerate said on July 3.
On July 3, RIL said American semiconductor giant Intel will be investing Rs 1,894.5 crore in Jio Platforms.
Also read: Intel-Jio deal | US semiconductor giant to invest Rs 1,894.5 crore in RIL unit
Here are the top 10 companies on Financial Times' list of businesses that performed well during the pandemic:
Also read: RIL is net debt free 8 months ahead of target thanks to Jio deals and rights issue
Disclosure: Reliance Industries (RIL) is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.