Business & Economics

Reliance Jio Makes Deals With 6 International Firms Over 2 Months

BP World Bureau | Jun 06 2020 06:45:06 PM
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NEW DELHI: Reliance Jio Platforms have garnered foreign investments from firms like KKR, General Atlantic, Facebook, Vista Equity Partners and Silver Lake Partners.

Amidst the COVID outbreak, in two months, the Reliance telecom arm platform has reportedly received a total investment of Rs 87,655.35 crores from these firms. 

California-based company Facebook has a 9.9% stake in Jio after investing Rs 43,574 crore.

US private equity firm Silver Lake has 1.15% stake. In May, Vista Equity Partners bought a 2.32% stake in Jio Platforms for Rs 11,367 crore.

General Atlantic brought a 1.34% stake in Jio Platforms for 6,598.38 crores.

KKR is set to invest Rs 11367 crore in Jio Platforms for a 2.32% stake which is also the private equity firm's largest investment in Asia. 

Abu Dhabi based Mubadala Investment Company will invest Rs 9,093.60 crore into Jio platforms, valuing Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.