Bharti Airtel tanked 8.16% to Rs 432.6 while Vodafone Idea slumped 9.95% to Rs 9.23.

Reliance Jio has announced five postpaid plus tariff plans. The most affordable of the new postpaid plans is Rs 399, which offers unlimited voice calls and SMS messages, 75GB data per billing cycle, rollover of unused data of up to 200GB, and complimentary subscriptions to Netflix, Amazon Prime and Disney+ Hotstar. Alongside these, users will also get access to JioSaavn, JioCinema and JioTV.

The second plan is priced at Rs 599 and offers the same entertainment, calling and SMS perks. However, it offers 100GB in one billing cycle, and will get you one additional SIM card under the JioPostpaid Plus family plan. The other three plans are priced at Rs 799, Rs 999 and Rs 1,499 respectively.

Vodafone Idea's entry level plan also starts at Rs 399 but provides only 40 GB data. Bharti Airtel's entry level plan for postpaid users starts at Rs 499 which is 20% higher than Jio's new plan.

Shares of Reliance Industries (RIL) which owns and controls Reliance Jio Infocomm were up 1.02% at Rs 2233.70 on BSE.

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This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. KKR's investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.

This marks the second investment by KKR in a subsidiary of RIL, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year.

Reliance Retail, a subsidiary of RRVL, operates India's largest, fastest growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.

Founded in 1976, KKR has $222 billion in assets under management as of 30 June 2020 .The firm currently has approximately $5.1 billion in private equity investments across more than 15 Indian companies, including Jio Platforms, JB Chemicals, Max Healthcare, Eurokids International and Ramky Enviro Engineers.

KKR is making its investment from its Asia private equity funds. The transaction is subject to regulatory and other customary approvals.

RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

The conglomerate reported a 31% jump in consolidated net profit to Rs 13,248 crore in Q1 June 2020 compared with Rs 10,141 crore in the corresponding period of last year. Consolidated total income for the quarter stood at Rs 95,626 crore, down 42.11% compared with Rs 165,199 crore year-on-year.

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Reliance Industries and Reliance Retail Ventures announced today that global investment firm KKR will invest Rs 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values RelianceRetail at a pre-money equity value of Rs 4.21 lakh crore. KKR's investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.

This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year.

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Reliance Industries Ltd gained for a fifth straight session today. The stock is quoting at Rs 2330.9, up 0.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 11466.1. The Sensex is at 38873.55, up 0.09%. Reliance Industries Ltd has gained around 9.56% in last one month.

Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has gained around 2.56% in last one month and is currently quoting at 15978.05, down 0.2% on the day. The volume in the stock stood at 190.6 lakh shares today, compared to the daily average of 171.73 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2331.8, up 0.67% on the day. Reliance Industries Ltd is up 94.41% in last one year as compared to a 4.4% jump in NIFTY and a 10.7% jump in the Nifty Energy index.

The PE of the stock is 48.71 based on TTM earnings ending June 20.

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