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.

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