RIL AGM 2020: Recap of all the big investments in Jio Platforms

Reliance will host its 43rd Annual General Meeting (AGM) today. Among many new announcements and updates, Reliance will also give a roadmap for what it now calls “Jio Platforms.”

Reliance’s Jio Platforms have grabbed everyone’s attention as the company successfully bagged big investments in the last few weeks. So far, Reliance Jio Platforms have received investments worth ₹118,318.45 crore in exchange of about 25.24% stake.

Ahead of the Reliance AGM 2020, reports suggest the company has not yet stopped with the investments. A Bloomberg report on Tuesday said Google is in advanced talks with Reliance for an investment worth $4 billion in Jio Platforms. Microsoft, an already cloud partner for Reliance, is also said to be eyeing a stake in the Jio Platforms.

Reliance’s AGM 2020 is scheduled to begin at 2PM IST. Ahead of the event let us take a look at the top confirmed investments in the Jio Platforms.

April 22: The biggest single investment came from social media giant Facebook. The company invested ₹43,573.63 crore to acquire a 9.99% stake in Jio Platforms.

May 4: US-based equity firm Silver Lake was the next to join the bandwagon. The company acquired 1.15% stake for ₹5,655.75 crore.

May 8: Another US-based firm Vista announced investing ₹11,367 crore in Jio Platforms in exchange of a 2.32% stake.

May 17: The Vista deal was succeeded by another big deal with General Atlantic worth ₹6,598.38 crore in exchange of a 1.34% stake.

May 22: KKR announced investing ₹11,367 crore deal for a 2.32% stake in Jio Platforms.

June 5: Reliance Jio bagged another ₹9,093.60 crore investment from Mubadala for a 1.85% stake.

June 5: The same day Silver Lake announced another investment of ₹4,546.80 crore for a 0.93% stake.

June 7: Almost two days later, Reliance announced a deal with ADIA (Abu Dhabi Investment Authority). The ADIA said it will invest ₹5,683.50 crore for 1.16% stake.

June 13: Reliance Jio announced a deal with TGP which will invest ₹4,546.80 for 0.93% stake. On the same day, L Chatterton said it will invest ₹1,894.50 crore for 0.39% stake in the platform.

June 18: PIF (Public Investment Fund) said it will invest ₹11,367.00 crore in Jio Platforms in exchange for a 2.32% stake. This is the same investment amount as Silver Lake and KKR’s.

July 2: Intel Capital said it will invest ₹1,894.50 crore for a 0.39% stake in Jio Platforms.

July 12: Chip-maker Qualcomm announced it will invest a sum of ₹730 crore for a 0.15% stake in the company.