Shares in the renowned engine maker fell to a 17-year low following its announcement of a rights issue.
The grant, worth $114 million, ensures that the newly minted billionaire will be highly compensated through to 2025.
In a move that may reduce the likelihood of SoftBank being taken private, its billionaire CEO has reduced stock pledged to financial institutions.
Pascal Soriot sought to allay fears that a suspension of late-stage trials would mean a delay in COVID-19 vaccine production.
The investment comes months after Reliance’s launch of JioMart, aimed at tapping into India’s $825 billion retail market.
A record flotation saw Zhong Shanshan’s personal wealth elevated above that of Jack Ma, if only for a few hours.
The automaker’s shares slipped following the announcement, and its largest shareholder reduced its holding.
Wednesday trading saw Apple’s market cap rise above the $2 trillion mark for the first time in Wall Street’s history.
Following a stock surge, the Tesla CEO’s net worth has risen above that of Warren Buffett and Mukesh Ambani.