Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has announced 13 deals since April 22, selling over 25 per cent in Jio Platforms. Through these deals, Reliance Industries' digital services arm Jio Platforms - which houses telecom major Reliance Jio Infocomm - has raised Rs 1,18,318.45 crore within 12 weeks. Facebook's capital infusion of Rs 43,573.62 crore announced in April, for a 9.99 per cent stake in Jio Platforms, is the biggest among these transactions. On Sunday, Reliance Industries said Qualcomm Incorporated's investment arm, Qualcomm Ventures, will take a 0.15 per cent stake in Jio Platforms for Rs 730 crore
Here are details of the 13 deals that helped Jio Platforms raise Rs 1.18 lakh crore within 12 weeks:
| Investor | Amount (In Crore Rupees) | Stake (%) | Announcement Date |
|---|---|---|---|
| 43,573.62 | 9.99 | April 22 | |
| Silver Lake Partners | 5,655.75 | 1.15 | May 3 |
| Vista Equity Partners | 11,367.00 | 2.32 | May 8 |
| General Atlantic | 6,598.38 | 1.34 | May 17 |
| KKR | 11,367.00 | 2.32 | May 22 |
| Mubadala | 9,093.60 | 1.85 | June 5 |
| Silver Lake Partners and co-investors (additional investment) | 4,546.80 | 0.93 | June 5 |
| Abu Dhabi Investment Authority | 5,683.50 | 1.16 | June 7 |
| TPG | 4,546.80 | 0.93 | June 13 |
| L Catterton | 1,894.50 | 0.39 | June 13 |
| Public Investment Fund | 11,367.00 | 2.32 | June 18 |
| Intel Capital | 1,894.50 | 0.39 | July 3 |
| Qualcomm Ventures | 730 | 0.15 | July 12 |
| Total | 117,588.45 | 25.09 |
Reliance Industries announced last month that it had met its target of becoming net debt-free much before March 2021. (Also Read: Reliance Industries "In Its Golden Decade", Says Mukesh Ambani)
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