{"id":384341,"date":"2020-11-16T12:00:03","date_gmt":"2020-11-16T06:30:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384341"},"modified":"2020-11-16T13:39:21","modified_gmt":"2020-11-16T08:09:21","slug":"reliance-to-invest-usd-50-mn-in-bill-gates-breakthrough-energy-ventures","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-to-invest-usd-50-mn-in-bill-gates-breakthrough-energy-ventures\/","title":{"rendered":"Reliance to invest USD 50 mn in Bill Gates&#8217; Breakthrough Energy Ventures"},"content":{"rendered":"<p>Reliance Industries has invested USD 50 million in Breakthrough Energy Ventures, a climate change company owned by Microsoft co-founder Bill Gates.<\/p>\n<p>In a filing to stock exchanges, Reliance said it will make the investment in tranches over the next 8 to 10 years.<\/p>\n<p>&#8220;The capital contribution commitment of USD 50 million constitutes 5.75 per cent of the size of the fund contemplated at present,&#8221; the company said.<\/p>\n<p>The transaction is subject to approval from the Reserve Bank of India (RBI).<\/p>\n<p>The oil-telecom-to-retail conglomerate said it has &#8220;entered into a definitive agreement, for making a capital contribution, up to USD 50 million, in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, United States of America.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries has invested USD 50 million in Breakthrough Energy Ventures, a climate change company owned by Microsoft co-founder Bill Gates. In a filing to stock exchanges, Reliance said it will make the investment in tranches over the next 8 to 10 years. &#8220;The capital contribution commitment of USD 50 million constitutes 5.75 per cent of the size of the fund contemplated at present,&#8221; the company said. The transaction is subject to approval from the Reserve Bank of India (RBI). The oil-telecom-to-retail conglomerate said it has &#8220;entered into a definitive agreement, for making a capital contribution, up to USD 50 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-384341","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=384341"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384341\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}