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Reliance announces investments worth Rs 87,000 crore in six weeks
Reliance Industries Limited signed six deals with six foreign investors that raised ₹87,000 crore in investments.
Reliance Jio has been on a roll will not justify an achievement like this. In six just weeks, Reliance Industries Limited (RIL) managed to raise ₹87,655.35 crore from foreign investors successfully. This also includes its most recent deal with Abu Dhabi-based investor Mubadala Investment Company. As announced Mubadala will be investing ₹9,093.60 crore in Jio.
Mubadala is the most recent on the RIL's deal roster that began with Facebook on April 22. After Facebook, it was Silver Lake, Vista Equity Partners, General Atlantic and KKR.
These are all the deals RIL has brought on board.
April 22, 2020 - Facebook bought a 9.9% equity stake in Jio Platforms for $5.7 billion (₹43,574 crore). So far, the most significant investment for a minority stake by a tech company in an Indian firm and also the most significant foreign direct investment (FDI) for a minority investment in the country.
May 4 - Silver Lake US-based equity firm invested ₹5,655.75 crore into Jio Platforms. This investment valued Jio Platforms at a value of ₹4.90 lakh crore and an enterprise value of ₹5.15 lakh crore. Silver Lake took a 1.15% stake in Jio Platforms.
May 8 - RIL announced that Vista Equity Partners, a US-based private equity firm had invested ₹11,367 crore in Jio Platforms for a stake of 2.32%. Vista's investment valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, almost equivalent to that of Silver Lake. Jio Platforms raised ₹60,596.37 crore after Facebook, Silver Lake and Vista Equity Partners deals.
May 18 - A US-based equity firm, General Atlantic announced ₹6,598.38 crore investment in Reliance Industries Limited's (RIL) Jio platforms. This massive investment by the firm got 1.34% equity stake in Jio Platforms on a thoroughly diluted basis. Jio Platforms raised ₹67,194.75 crores with this so far.
May 22 - RIL announced a deal with KKR, a US-based investment firm worth ₹ 11,367 crore for an exchange of 2.32% equity stake. In just one month time, Jio Platforms announced investments of ₹78,562 crore by global technology investors.
June 5 - RIL announced a deal with Mubadala. The most recent investment is at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, which is similar to the current investments. Mubadala got 1.85% equity stake with the deal.
Now Jio Platforms have raised ₹87,655.35 crore in only six weeks.
