Reliance Jio investment roundup: ₹1 lakh crore in under 2 months

And the cheques keep on coming. Reliance Jio clearly seems to have no intentions of stopping when it comes to selling Jio platform stakes to global investors. Until last week, the telecom giant raised ₹87,655.35 crore from foreign investors and we thought it was way past its ‘on a roll’ phase with six investments. But then, yesterday (June 14), within a two hours gap, it announced two new investors TGP and L Catterton with ₹4,586.80 and ₹1,894.50 investment each.

The spree, which began with Facebook in April, now has 10 investors in total with Jio raising just over ₹1 lakh crore from them. The major investments come from Facebook, Vista Equity, KKR and Mubadala with few others from Silver Lake Partners, General Atlantic, Abu Dhabi Investment Authority, TGP and L Catterton.

Here are details for each of those 10 investments:

June 13: RIL and L Catteron went into a deal wherein the latter invested ₹1,894.50 crore by taking 0.39% equity stake in Jio Platforms on a fully diluted basis. The deal valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.

June 13: Just before the L Catterton deal, RIL announced investment by TGP worth ₹4,586.80 crores. The deal was set at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. It translates into a 0.93% equity stake in Jio Platforms for TPG.

June 7: Just a few days ago RIL announced raising ₹5,683.50 crore from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its Jio Platforms. This investment valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. ADIA’s investment translates into a 1.16% equity stake in Jio Platforms on a fully diluted basis.

June 5: RIL announced deal with Mubadala. The latest investment is at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, which is the same as all the recent investments. The deal got Mubadala 1.85% equity stake.

May 22: RIL announced a deal with US-based investment firm KKR worth ₹ 11,367 crore in exchange for a 2.32% equity stake. In just a month, Jio Platforms announced investments worth ₹78,562 crores by global technology investors.

May 18: General Atlantic, a US-based equity firm, announced the investment of ₹6,598.38 crore in Reliance Industries Limited’s (RIL) Jio platforms. This massive investment by the firm translates to a (not so massive) 1.34% equity stake in Jio Platforms on a fully diluted basis. With this, Jio Platforms raised ₹67,194.75 crore thus far.

May 8: RIL announced that US-based private equity firm Vista Equity Partners has invested a sum of ₹11,367 crore in Jio Platforms for a 2.32% stake. Vista's investment valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. This value is roughly the same as that of Silver Lake.

After Facebook, Silver Lake and Vista Equity Partners deals, Jio Platforms raised ₹60,596.37 crore.

May 4: US-based equity firm Silver Lake invested a sum of ₹5,655.75 crore into Jio Platforms. This investment valued Jio Platforms at an equity value of ₹4.90 lakh crore and an enterprise value of ₹5.15 lakh crore. Silver Lake bagged a 1.15% stake in Jio Platforms.

April 22: Facebook bought a 9.9% equity stake in Jio Platforms for $5.7 billion ( ₹43,574 crore). This was the largest investment for a minority stake by a tech company in an Indian firm so far and also the largest foreign direct investment (FDI) for a minority investment in India.