- Reliance Industries has closed four more investments in Jio Platforms, it said in a regulatory document.
- The sale of Jio to L Catterton, The Public Investment Fund, Silver Lake and General Lake has now been finalized.
- This secures another Rs 30,062 million of funds for Mukesh Ambani’s company after it closed the deal with Facebook for Rs 43,574 million earlier this week.
Mukesh Ambani’s Reliance Industries closed deals with four other investors after Facebook secured a total of Rs 30,062 million.
In a regulatory filing with the Securities and Exchange Board of India (SEBI), Reliance revealed 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||Rs 1894.50 crore||0.39%|
|The Public Investment Fund||Rs 11,367 crore||2.32%|
|Silver Lake||Rs 10,202.55 crore||2.08%|
|General Atlantic Singapore JP||Rs 6,598.38 crore||1.34%|
In total, Ambani has sold a total of 25.09% stake in Jio to 11 foreign investors for a total of Rs 1,17,588.45 crore.
Earlier this week, Reliance announced the completion 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 million rupees.
“Jio Platforms Ltd has assigned equity shares to Jaadhu Holdings, after which Jaadhu Holdings owns 9.99 percent of Jio Platforms Ltd’s fully diluted share capital,” the company said on July 7.
However, Mukesh Ambani still cannot be done. Yesterday, Business Insider reported that Jio Fiber can raise more than $ 1 billion as Abu Dhabi and Saudi Arabian sovereign wealth funds are ready to invest in Reliance InvIT.