Reliance Invests $10 Mn In JioSaavn As It Plans To Go Public


Reliance invests $10 million in JioSaavn as it all set to go public as per filings of the company’s special resolutions. In a meeting, the board of JioSaavn approved the plan for the company to convert into a public company as it says, “Considering the overall business objectives and future plans of the Company, it is proposed to convert the company from Private Company to Public Company and to change the name from Saavn Media Private Limited to Saavn Media Limited.”

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