Mukesh Ambani's Reliance closes deals with four more investors securing ₹30,062 crore
- Reliance Industries has closed four more investments in Jio Platforms, it said in a regulatory filing.
- The sale of Jio to L Catterton, The Public Investment Fund, Silver Lake and General Atlantic have now been finalised.
- This secures another ₹30,062 crore of funding for Mukesh Ambani’s enterprise after it closed the deal with Facebook for ₹43,574 crore earlier this week.
In a regulatory filing with the Securities and Exchange Board of India (SEBI), Reliance disclosed that it has closed the sale of Jio Platforms to L Catterton, The Public Investment Fund, Silver Lake and General Atlantic.
|Investor||Subscription amount||Stake %|
|L Catterton||₹ 1894.50 crore||0.39%|
|The Public Investment Fund||₹ 11,367 crore||2.32%|
|Silver Lake||₹ 10,202.55 crore||2.08%|
|General Atlantic Singapore JP||₹ 6,598.38 crore||1.34%|
In total, Ambani has now sold a total of 25.09% stake in Jio to 11 foreign investors amounting to a total of ₹1,17,588.45 crore.
Earlier this week, Reliance announced the finalisation of its sale to Facebook — through Jaadhu Holdings, a wholly-owned subsidiary of Facebook — after receiving the green light from the Competition Commission of India (CCI) for ₹43,574 crore.
"Jio Platforms Ltd has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99 per cent of the fully diluted equity share capital of Jio Platforms Ltd," the company had said on July 7.
However, Mukesh Ambani may not be done just yet. Yesterday, Business Insider reported that Jio Fiber may get over $1 billion as Abu Dhabi and Saudi sovereign funds are set to invest in Reliance InvIT.
(with inputs from PTI)
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