Jio Deals Since April 22: Mukesh Ambani-Led RIL Raises Rs 1.04 lakh crore for Jio in 10 Deals

10 Deals That Helped Jio Raise Rs 1.04 Lakh Crore Within 8 Weeks

Jio investments: Reliance Industries has sold a22.38 per cent stake in Jio Platforms since April 22

Billionaire Mukesh Ambani-led Reliance Industries has sold a 22.38 per cent stake in Jio Platforms for Rs 1,04,326.95 crore since April 22. Among the 10 deals so far, US-based Facebook has committed the biggest capital infusion of Rs 43,573.62 crore for a 9.99 per cent stake in Jio Platformsi, which houses Reliance Industries' telecoms arm Reliance Jio Infocomm. The internet giant is followed by US-based private equity firms Vista and KKR, each of which will take a 1.85 per cent stake in Jio Platforms for Rs 11,367 crore. The deals will help Reliance Industries eliminate its net debt by the end of the current financial year, a goal set by its chairman Mukesh Ambani.

Here are the 10 deals with tech investors announced by Reliance Industries:

Facebook

April 22: Reliance Industries said Facebook will take a 9.99 per cent stake in Jio platforms for RS 43,573.62 crore.

Silver Lake Partners

May 3: Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15 per cent stake.

Vista Equity Partners

May 8: Vista will own 2.32 per cent of Reliance Industries' digital services arm for Rs 11,367 crore.

General Atlantic

May 17: A 1.34 per cent stake will go to General Atlantic for Rs 6,598.38 crore.

KKR

May 22: Reliance Industries said KKR will take a 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.

Mubadala

June 5: Mubadala will purchase a 1.85 per cent interest in Jio Platforms for Rs 9,093.60 crore.

Silver Lake Partners and co-investors (additional investment)

Later that day, Reliance Industries said Silver Lake and its co-investors will buy an additional 0.93 per cent stake in Jio Platforms for Rs 4,546.80 crore. With this, the total investment by Silver Lake and its partners stands at 2.08 per cent.