investment in jio forget about lockdown
The company has announced deal after deal with a number of major global players bringing in Rs 152,000 crore by selling about 33% of its stake in Jio Platforms. These include: Rs 43,574 crore from Facebook. Rs 33,737 crore from Google. Rs 11,367 crore from KKR, an American global investment firm. Rs 11,367 from Vista, a private equity firm Rs 9,094 crore from Mubadla, a sovereign wealth fund from Abu Dhabi. Smaller investments from General Atlantic, Silver Lake, Intel, Qualcomm and others. Moreover, the parent firm Reliance Industries held a rights issue earlier in the year, raising Rs 53,124 crore in what it said was the world’s largest rights issue by a non-financial company in a decade and certainly India’s largest.