Reliance Industries (RIL), Mumbai-based oil to telecom conglomerate is the only Indian entity to make its mark in the list of businesses that managed to thrive amid the pandemic led lockdown. The publication Financial Times compiled a list of 100 top companies on the basis of their resilience amid the pandemic and placed RIL on the 89th spot.
"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.
Since April 22, with a total of 12 deals from marquee investor names, RIL into its digital arm Jio Platforms has mopped up investment worth Rs. 1,17,588.45 crore, said the company on July 3. Also, on the same day it netted the 12th cheque for the company of Rs. 1894.5 from Intel, the US-based semiconductor company, and with it RIL has divested almost 25% stake in Jio Platforms.
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As per the Financial Times' compiled list, here are listed top 10 companies globally that fared well amid the pandemic: