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Reliance Industries Sold Over 25% Stake In Jio For Rs 1.18 Lakh Crore Through These 12 Deals

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Reliance Industries Sold Over 25% Stake In Jio For Rs 1.18 Lakh Crore Through These 12 Deals

Reliance Industries arm Jio Platforms homes telecom agency Reliance Jio Infocomm

Since April 22, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has introduced 12 offers to promote greater than 25 per cent stake in its digital providers arm, Jio Platforms. Together, the offers have helped the nation’s most dear firm to boost about Rs 1.18 lakh crore. US-based Facebook’s capital infusion of Rs 43,573.62 crore for a 9.99 per cent stake in Jio Platforms, which homes Reliance Industries’ telecoms arm Reliance Jio Infocomm, is the largest amongst these transactions. The web big is adopted by US-based personal fairness companies Vista and KKR, and Saudi Arabia’s Public Investment Fund, every of which have dedicated to take a 2.32 per cent stake in Jio Platforms for Rs 11,367 crore. 

Here are particulars of 12 offers with Jio Platforms introduced by Reliance Industries inside 11 weeks:  

InvestorAmount (In Crore Rupees)Stake (%)Announcement Date
Facebook43,573.629.99April 22
Silver Lake Partners5,655.751.15May 3
Vista Equity Partners11,367.002.32May 8
General Atlantic6,598.381.34May 17
KKR11,367.002.32May 22
Mubadala9,093.601.85June 5
Silver Lake Partners and co-investors (extra funding)4,546.800.93June 5
Abu Dhabi Investment Authority5,683.501.16June 7
TPG4,546.800.93June 13
L Catterton1,894.500.39June 13
Public Investment Fund11,367.002.32June 18
Intel Capital1,894.500.39July 3
Total117,588.4525.09

The sale of greater than 25 per cent in Jio Platforms together with a rights problem value over Rs 53,000 crore have helped Reliance Industries turn out to be internet debt-free a lot sooner than its goal of March 2021.

Reliance Industries is now “in its golden decade”, chairman and managing director Mr Ambani had stated final month, as his group reached the milestone. “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,” he had stated.

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