Jio Platforms’ 14 Deals Announced Since April 22

Business

[ad_1]

Jio Platforms' 14 Deals Announced Since April 22

Reliance AGM 2020: Mukesh Ambani said RIL has a special place for startups such as Jio

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Wednesday announced that Google will buy a 7.7 per cent stake in its digital services unit, Jio Platforms, for Rs 33,737 crore, winning the backing of another US tech giant after Facebook Inc in April. India’s richest man Mukesh Ambani announced the Google-Jio deal while addressing Reliance Industries shareholders at his group’s 43rd annual general meeting through a video webcast. Google’s investment in Jio Platforms – which houses telecom major Reliance Jio Infocomm – at a valuation of Rs 4.36 lakh crore for the digital platform, Reliance Industries said in a statement. Through a total 14 deals – Google included, Reliance Industries has sold a nearly 33 per cent stake in Jio Platforms for Rs 1.51 lakh crore since April 22. 

Here are details of the 14 Jio Platforms deals announced by Reliance Industries since April 22:  

Investor Amount (In Crore Rupees) Stake (%) Announcement Date
Facebook 43,573.62 9.99 April 22
Silver Lake Partners 5,655.75 1.15 May 3
Vista Equity Partners 11,367.00 2.32 May 8
General Atlantic 6,598.38 1.34 May 17
KKR 11,367.00 2.32 May 22
Mubadala 9,093.60 1.85 June 5
Silver Lake Partners and co-investors (additional investment) 4,546.80 0.93 June 5
Abu Dhabi Investment Authority 5,683.50 1.16 June 7
TPG 4,546.80 0.93 June 13
L Catterton 1,894.50 0.39 June 13
Public Investment Fund 11,367.00 2.32 June 18
Intel Capital 1,894.50 0.39 July 3
Qualcomm Ventures 730 0.15 July 12
Google 33,737 7.73 July 15
Total 1,51,325.45 32.82

The Reliance-Google announcement comes just days after Alphabet CEO Sundar Pichai said his company would invest $10 billion in India over the next five to seven years through equity deals and tie-ups. (Also Read: Reliance Industries “In Its Golden Decade”, Says Mukesh Ambani)

[ad_2]

Source link

Leave a Reply

Your email address will not be published.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