- This investment estimates the equity value of Jio Platforms at Rs 4.91 lakh crore & its enterprise value at Rs 5.16 lakh crore.
- With this investment, RIL holds 75.3% stake in Jio while 24.7% by the investors.
Previous global investors who bought stake in Jio Platforms:
i.Facebook(US) bought 9.99% stake for Rs 43,573.62 crores on April 22.
ii.Silver Lake(US) bought 1.15% stake for Rs 5,655.75 crores on May 4. In addition to this it bought 0.93% stake for Rs 4,546.80 crores on June 5, which increased its total holding to 2.08%.
iii.Vista Equity Partners(US) bought 2.32% stake for Rs 11,367 crores on May 8.
iv.General Atlantic(US) bought 1.34% stake for Rs 6,598.38 crores on May 17
v.KKR(US) bought 2.32% stake for Rs 11,367 crores on May 22.
vi.Mubadala Investment(United Arab Emirates- UAE) bought 1.85% stake for Rs 9,093.60 crores on June 5.
vii.UAE’s Abu Dhabi Investment Authority(ADIA) bought 1.16% for Rs 5,683.50crores on June 7
viii.TPG Capital(US) bought 0.93% for Rs 4,546.80 crores & L Catterton(US) bought 0.39% for Rs 1,894.50 crores on June 13.
Note: All these investments and the rights issue of Rs 53,124 crore will enable RIL to pay off the net debt target of Rs 1.61 trillion by the end of 2020.
About PIF:
Headquarters– Riyadh, Saudi Arabia
Chairman– Prince Mohammad bin Salman bin Abdulaziz Al-Saud
About RIL:
Headquarters- Mumbai, Maharashtra
Chairman & Managing Director– Mukesh D. Ambani