Jio platform of Reliance Industries has raised Rs 1.16 lakh crore within 9 weeks through these 11 deals.

Reliance Industries has sold a 24.70% stake in Jio platforms since 22 April

Billionaire Mukesh Ambani-led Reliance Industries has sold a 24.70 per cent stake in Jio platforms for Rs 1,15,693.95 crore since April 22. Of the 11 deals so far, US-based Facebook The largest capital of Rs 43,573.62 crore has been breached for a 9.99 percent stake in Jio Platforms, with Reliance Industries’ telecom being the home of Reliance Jio Infocomm. US private equity firms Vista and KKR, and Saudi Arabia’s Public Investment Fund are Internet giants, each of which will take a 2.32 percent stake in Jio platforms for Rs 11,367 crore. The deal will help Reliance Industries eliminate its net debt by the end of the current financial year, which has been set by its chairman Mukesh Ambani.

Jio Platforms has 11 deals with global investors announced so far:

Facebook

April 22: Reliance Industries said that Facebook will take a 9.99 percent stake in Jio platforms for RS 43,573.62 crore.

Silver lake partners

May 3: Silver Lake will invest Rs 5,655.75 crore in Jio platforms for a 1.15 percent stake.

Vista equity partners

May 8: Vista will hold 2.32 percent of Reliance Industries’ digital services arm for Rs 11,367 crore.

General atlantic

May 17: 1.34 per cent stake in General Atlantic will go for Rs 6,598.38 crore.

KKR

May 22: Reliance Industries said that KKR will take a 2.32 percent stake in Jio platforms for Rs 11,367 crore.

Mubadala

June 5: Mubadala bought 1.85 percent interest in Jio platforms for Rs 9,093.60 crore.

Silver Lake Partners and Co-Investors (Additional Investment)

Later that day, Reliance Industries said that Silver Lake and its co-investors would buy an additional 0.93 percent stake in the Jio platform for Rs 4,546.80 crore. With this, the total investment by Silver Lake and its partners is 2.08 percent.

Abu Dhabi Investment Authority

June 7: Abu Dhabi Investment Authority will invest Rs 5,683.50 crore for a 1.16 percent stake in Jio platforms.

TPG

June 13: 0.93 percent stake will go to TPG for Rs 4,546.80 crore.

El caterton

June 13: L Catterton will buy 0.39 percent stake in Jio platforms for Rs 1,894.50 crore.

Public investment fund

Saudi Arabia’s sovereign wealth fund will buy 2.32 percent stake in Jio platforms for Rs 11,367 crore.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *