Rs 30 Thousand Crore Is The Amount Jio Platforms Has Received From Four Investors

Jio Platform Receives Rs. 1.18 lakh crore from 11 global investors


  • Jio Platforms receive Rs 30,000 from just 4 investors
  • In total 11 global investors have bought 25.09% stake in Jio Platforms from Rs. 1.18 lakh crore
  • RIL is on its way of becoming a debt-free firm

Jio Platforms have witnessed huge subscription amounts totalling Rs. 30,062.43 crore for a mere 6.3% stake sale to General Atlantic Singapore, L Catterton, PIF and Silver Lake. On Friday, the parent company of Jio Platforms, Reliance Industries Limited (RIL) said, “We hereby inform that, after receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the Company, received the subscription amounts from the following investors and allotted equity shares to them,” in a statement.

As of now, a total of 11 investors from all over the globe have bought 25.09% stake in Jio Platforms for a whopping Rs. 1.18 lakh crore. These 11 investments along with Rs. 53,124 crore raised via rights issues is helping RIL in achieving its aim of becoming a completely debt-free firm.

Also Read: Play Best Games To Earn Money Online In India To Quench Your Craving For Some Fun

The Jio Platforms stocks RIL’s telecom business under Reliance Jio Infocomm, which is the largest in the country with nearly 400 million (40 crore) subscribers, besides other digital properties and investments.

Reliance Jio Infocomm Ltd, which provides connectivity platform to almost 4000 million subscribers, will remain a wholly-owned subsidiary of Jio Platforms.

The investment in Jio Platforms have been as follows Interstellar Platform Holdings Pte. Ltd. (L Catterton) has put in Rs. 1,894.50 crore for a 0.39% share in the RIL subsidiary, while PIF has bought 2.23% equity for Rs. 11,367 crore. SLP Redwood Holdings Pte. Ltd, and SLP Redwood Co-Invest (DE), L.P. (Silver Lake) have invested Rs. 10,202.55 crore for a 2.08% share and General Atlantic Singapore has picked up 1.34% for Rs. 6,598.38 crore in Jio Platforms.

On Tuesday, Facebook-owned Jaadhu Holdings LLC paid the subscription amount of Rs. 43,574 crore to Jio Platforms Ltd for a 9.99% stake in the latter.

Also Read: Mutual Fund Expense Ratio Explained

The deal with Facebook was the first to be announced on 22 April after which 11 other foreign investors displayed an interest in the subsidiary of Mukesh Ambani led Reliance Industries Limited. The deal was approved by the Competition Commission of India on 24 June.

Investors in Jio Platforms also include TPG, KKR, L Catterton, General Atlantic, Vista Equity Partners, two sovereign wealth funds from Abu Dhabi – Abu Dhabi Investment Authority and Mubadala – and one from Saudi Arabia – Public Investment Fund.

Intel Capital, the investment arm of US-based semiconductor giant, became the 11th foreign company to invest in the RIL company last week, the firm invested Rs. 1,894.50 crore last week.


Aishwarya Chopra

A news content writer with a bachelor’s degree in Mass Communications and has over 4 years of experience. Aishwarya is fluent in multiple languages and covers different domains of news for In the past, she has worked as a freelancer and curated multiple articles for various websites.

Read Previous

Mutual Fund Expense Ratio Explained

Read Next

Among Players Globally, Indian Firms Most Pessimistic On Business Outlook

Leave a Reply

Your email address will not be published. Required fields are marked *