Fundraising Spree For Reliance's Jio Platforms Values It At $65 Billion

Reliance Industries has raised $10 billion in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion. That makes it India's second-most valuable standalone tech business after Tata Consultancy Services which is worth $99 billion. Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion as of Thursday's close