April 18, 2024
jio

Reliance Jio Credited With Around INR 1.18 Lakh Crore in The Past 3 Months

India’s many different telecoms and communications companies had to pay huge fines, as required by the Government of India, in the last few months. The fine amounts were massive, and companies, including Reliance Jio, Vodafone, and Bharati Airtel, did not hope to find the same creditworthiness again. However, Jio, a company that has been pioneering the 4 G communications in India, was again the fastest in raising the monies. With investors from many different parts of the world showing an active interest in the company’s future, Reliance Jio raised around INR 1.18 lakh crores in a time of 3 months only. Below is a list of companies and concerns that have invested in Jio in the period.

Facebook: The popular social media networking website and company Facebook invested INR 43,574 crores in Jio by purchasing an equity stake worth 9.99 % in Jio. After this investment, Facebook is the largest investor in the Indian technology sector.

Vista Equity Partners: The US private equity firm invested a total of INR 11,367 crores (a 2.32 % stake) in Jio.

Silver Lake:  One of the most prominent tech investors of the world, Silver Lake, invested around INR 5655-75 crores in Jio to hold a 1.15 % stake in the company.

General Atlantic: A shareholder in firms of international repute and worth including Uber and Airbnb, General Atlantic, invested around INR 6598 crores to buy a stake of 1.34% in Jio.

Other recent investors in Jio include Muqabla Investment Company, KKR (a US-based equity firm), Qualcomm, ADIA (Abu Dhabi Investment Authority), and L Cattering, among others.

Vedant Kumar

Currently I'm working as an Implementation Engineer, Started my career as an System Administrator - Linux. Additionally loves to explore new technologies and research about new open-source software that ease the development cycle.

View all posts by Vedant Kumar →

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