12 deals, 72 days, ₹117,588.45 crore: Reliance Jio’s investment spree so far
Reliance Jio made 12 announcements in 72 days to amass this amount and it all started with the deal with Facebook on April 22.
With a ₹1,894.50 crore investment from Intel Capital today, the sum total of investments raked in by Reliance Jio has been pushed up to ₹117, 588.45 crores in exchange for 25.09% stake in Jio Platforms.
Reliance Jio made 12 announcements in 72 days to amass this amount and it all started with the deal with Facebook on April 22. Here’s the timeline:
April 22: The April 22 deal with Facebook was worth ₹43,573.63 crore and gave Facebook a 9.99% stake in Jio Platforms.
May 4: Next came the deal with Silver Lake that brought in ₹5,655.75 crore in exchange for a 1.15% stake in Jio Platforms.
May 8: The deal with Vista for ₹11,367 crore for 2.32% stake in Jio Platforms came in next .
May 17: The Vista deal was followed by a deal with General Atlantic worth ₹6,598.38 crore for a 1.34% stake.
May 22: The fifth deal was struck with KKR in a month’s time since the Facebook deal. This ₹11,367 crore deal, the same amount that Vista paid, got KKR a 2.32% stake in Jio Platforms.
June 5: Reliance Jio brought in a ₹9,093.60 crore investment from Mubadala on June 5 in exchange for a 1.85% stake.
The company announced a second investment from Silver Lake on June 5 - this time worth ₹4,546.80 crore for a 0.93% stake.
June 7: The deal with ADIA (Abu Dhabi Investment Authority) came in on June 7. This was worth ₹5,683.50 crore for 1.16% stake in Jio Platforms.
June 13: Reliance Jio struck a deal with TGP on June 13 for ₹4,546.80 for 0.93% stake. This amount is the same as Silver Lake’s second investment in Jio Platforms.
On the same date Reliance Jio announced another investment deal with L Chatterton worth ₹1,894.50 crore for 0.39% stake in the platform.
June 18: The deal with PIF (Public Investment Fund) came in on June 18. PIF invested ₹11,367.00 crore in Jio Platforms in exchange for a 2.32% stake. This is the same amount that Silver Lake and KKR invested in May.
July 2: Reliance Jio announced the investment deal with Intel Capital today. This deal is bringing in ₹1,894.50 crore for a 0.39% stake in Jio Platforms, the same amount that L Chatterton invested last month.
In total, Reliance Jio has raised investments worth ₹117, 588.45 crore in exchange for a 25.09% stake in Jio Platforms so far.