Jio Platforms' deal spree: Eight deals in seven weeks
Reliance Jio has been on a deal spree off lately. The company has had investors from across the globe invest in Jio Platforms. Here’s a breakdown of the investments in a nutshell.
Reliance Jio’s deal spree started with Facebook investing ₹43,573.62 crore in Jio Platforms in April this year. The deal valued Jio at $65.95 billion and gave Facebook a 9.99% stake in the company. (Pixabay)
1/7 Reliance Jio’s deal spree started with Facebook investing ₹43,573.62 crore in Jio Platforms in April this year. The deal valued Jio at $65.95 billion and gave Facebook a 9.99% stake in the company. (Pixabay)
Shortly after Facebook, Silver Lake and Vista invested ₹5,655.75 crore and ₹11,367 crore in Jio Platform respectively, which gave the two companies 1.15% and 2.32% stake in Jio Platforms respectively. (Jio)
2/7 Shortly after Facebook, Silver Lake and Vista invested ₹5,655.75 crore and ₹11,367 crore in Jio Platform respectively, which gave the two companies 1.15% and 2.32% stake in Jio Platforms respectively. (Jio)
This was followed by a ₹5,698.38 crore investment by General Atlantic. This gave the equity firm a 1.34% stake in the company. (Jio)
3/7 This was followed by a ₹5,698.38 crore investment by General Atlantic. This gave the equity firm a 1.34% stake in the company. (Jio)
May ended for Reliance Jio with KKR investing ₹11,367 in Jio Platforms and acquiring a 2.32% stake in the company. (Mint)
4/7 May ended for Reliance Jio with KKR investing ₹11,367 in Jio Platforms and acquiring a 2.32% stake in the company. (Mint)
June started for Reliance Jio with Mubadala investing ₹9,093.60 crore in Jio Platform and acquiring a 1.85% stake in the company. (HT Media)
5/7 June started for Reliance Jio with Mubadala investing ₹9,093.60 crore in Jio Platform and acquiring a 1.85% stake in the company. (HT Media)
Shortly after, Silver Lake announced that it was investing an additional sum of ₹4,546.80 crore in Jio Platforms acquiring an additional 0.93% stake in the company. (HT Media)
6/7 Shortly after, Silver Lake announced that it was investing an additional sum of ₹4,546.80 crore in Jio Platforms acquiring an additional 0.93% stake in the company. (HT Media)
Now Abu Dhabi Investment Authority (ADIA) has announced that it is investing ₹5,683.50 crore in Jio Platforms. This investment gave ADIA a 1.16% stake in the company. (Twitter/Jio)
7/7 Now Abu Dhabi Investment Authority (ADIA) has announced that it is investing ₹5,683.50 crore in Jio Platforms. This investment gave ADIA a 1.16% stake in the company. (Twitter/Jio)