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4th Big investment in JIO : General Atlantic to invest Rs 6598 crore, buy 1.34% stake

4th Big investment in JIO : General Atlantic to invest Rs 6598 crore, buy 1.34% stake

The State
4th Big investment in JIO- General Atlantic to invest Rs 6598 crore, buy 1.34% stake

With this deal, Reliance Jio has done 4 mega deals in 4 weeks and has moved towards getting an investment of Rs 67,194.75 crore.

New Atlantic private equity company General Atlantic has announced an investment of Rs 6,598.38 crore in Reliance Jio. Under this deal, General Atlantic will buy a 1.34 per cent stake in Jio Platforms. This is the largest investment by General Atlantic in any Asian company. This information has come on Sunday night.

Four big deals of Reliance Jio In
this way, in the last 4 weeks, Reliance Jio has made four big mega deals and through this, has opened the way to get funds of Rs 67,194.75 crore. Let us know that in this order, Facebook had first announced to take 9.99 percent stake in Reliance Jio Platforms for Rs 43,574 crore.

Just days after the Facebook deal, Silverlake, the world’s largest tech investor, bought 1.15 percent stake of Jio for Rs 5,665.75 crore. Apart from this, Vista Equity Partners of America had announced the purchase of 2.32 per cent stake in Jio Platforms and an investment of Rs 11,367 crore for this.

Yesterday, Reliance Industries issued a statement saying that after this new investment, the equity value of Reliance Jio Platforms has increased to Rs 4.91 lakh crore and the enterprise value to about Rs 5.16 lakh crore.

Mukesh Ambani’s statement Mukesh Ambani
, Chairman of Reliance Industry, said on this deal that I am very excited to welcome big global investor General Atlantic as a value partner. I have known General Atlantic for the last several years and have great faith in India’s development prospects. General Atlantic agrees with the vision of our Digital Society in India and for this is making a large investment in Jio platforms which will help in meeting the digital objectives.

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Steps towards making Reliance Industries debt-free
Reliance Industries has already announced that it wants to become a debt-free company by March 2021 and recent new investments made in Reliance Jio are major steps in this direction.

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