PM GatiShakti Planning Group evaluates key Infrastructure projects (See 'Corp Brief') Indian Medical Council Act-Clinical training that appellants would undergo after successful completion of Phase III Part I of MBBS examination would only be counted as qualifying training period for Phase III Part II examination: HC (See 'Legal Desk') IBC-Claim of Operational Creditors, if on verification by resolution professional is found to be less than 10% of total debt, they cannot claim any right to representation in meeting of Committee of Creditors: IBBI (See 'Legal Desk') Centre ensuring seamless paddy and CMR procurement in Punjab State: Joshi (See 'Corp Brief') Commercial Courts Act,2015-Failure to claim interest from date of institution of suit till its realization for pre-suit period negates right of plaintiff to such claim-YES: HC (See 'Legal Desk') MAHA-EV Mission brings together experts to drive India's smart transport research (See 'Corp Brief') Constitution of India - Deprivation is norm and liberty is exception: HC (See 'Legal Desk') Constitution of India- Fundamental right of liberty provided under Article 21 is superior to statutory restrictions and reiterated principle that 'bail is rule and refusal is exception': HC (See 'Legal Desk') 'SECL Ki Dhadkan' successfully completes Life-Saving Heart Surgeries for 20 Children (See 'Corp Brief') Misc - High Court cannot defer Corporate Insolvency Resolution Process when main relief sought in writ petition to consolidate CIRP of two companies was refused: SC (See 'Legal Desk') NCGG concludes First Mid-Career Training Program for BIMSTEC Civil Servants (See 'Corp Brief') SEBI Act -Every partner is liable for contravention committed by partnership firm,unless proved otherwise: SEBI (See 'Legal Desk') AI for Citizen Safety: Join IndiaAI CyberGuard AI Hackathon (See 'Corp Brief') Trade marks- Proprietor of trademark need not go against each and every person/ entity infringing and/ or passing off its trademarks and which do not cause prejudice to its distinctiveness: HC (See 'Legal Desk') MyGov's National Space Day Quiz engages Citizens (See 'Corp Brief') Trade marks Act-Use of same mark by defendants gives an unfair advantage to defendants and is detrimental to the distinctive character or repute of plaintiff's well-known registered trademark: HC (See 'Legal Desk')

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RIL raises over Rs. 168,818 croe in short span of time

Published: Jun 19, 2020

By TIOLCORPLAWS News Service

MUMBAI, JUNE 19, 2020: RELIANCE Industries Limited (RIL) has raised over Rs. 168,818 crore in less than two months through, Investments by global tech investors of Rs. 115,693.95 crore and Rights Issue of Rs. 53,124.20 crore. This is achieved amidst a global lockdown caused by the COVID-19 pandemic. Along with the stake sale to BP in the petro-retail JV, the total fund raise is in excess of Rs. 1.75 lakh crore. RIL net-debt was Rs. 161,035 crore, as on 31st March 2020. With these investments, RIL has become NET DEBT-FREE. Jio Platforms has raised Rs. 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020. PIF's investment marks the end of Jio Platforms' current phase of induction of financial partners.

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