JioSaavn got $19.6 million from parent company Reliance

JioSaavn has received $19.6 million from parent entity Reliance Industries Limited,where Reliance picked up 10K equity shares at a nominal value of INR 1 with a premium of INR 1.4 Lakh worth INR 140.35 Cr earlier this month.

JioSaavn was said to be a media platform of the future with global reach, cross-border original content, an independent artist marketplace with consolidated data and one of the largest mobile advertising mediums.

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