Now Reading
Another Big investment in Reliance Jio platform, Soon Microsoft can join with big sum

Another Big investment in Reliance Jio platform, Soon Microsoft can join with big sum

The State
  • Reliance Jio Platforms has entered into investment deals with 5 US companies
  • Now tech company Microsoft is also preparing to invest in it
  • Reliance has made a deal of Rs 78,562 crore amid lockdown
Another Big investment in Reliance Jio platform, Soon Microsoft can join with big sum

Reliance Jio Platforms has done investment deals worth about Rs 78,562 crore from 5 US companies. Now the legendary American tech company Microsoft is also going to invest heavily in it. Satya Nadella-led Microsoft may take a 2.5 per cent stake in Reliance Jio Platforms.

While the lockdown is overshadowing the world economy, it is proving to be very lucky for Reliance Industries. Reliance Jio Platforms has done investment deals worth about Rs 78,562 crore from 5 US companies. Now the legendary American tech company Microsoft is also going to invest heavily in it.

The management of both companies is talking about this. According to a Business Today report, business newspaper Mint has quoted sources as saying that Satya Nadella-led Microsoft may take a 2.5 per cent stake in Reliance Jio Platforms.

Five companies have invested

In the last one month, 5 US companies have invested a total of Rs 78,562 crore in Reliance’s Jio Platforms. These include Facebook, KKR & Co, Silver Lake, Vista Equity Partners and General Atlantic.

According to the report, Reliance’s talks with Microsoft are still in the initial stages and the final deal will be revealed in the next few days. Significantly, Satya Nadella had revealed in February this year that Microsoft wants to do business on a large scale in India. He had told that the company wants to open a data center in the whole country so that its Agure cloud service can be taken advantage of.

See Also
Jio-Microsoft partnership will define this decade Mukesh Ambani

Reliance Industries has not yet responded to this news. Even in the midst of lockdown, silver is seen in the fortunes of Reliance Industries. Many US companies are investing heavily in Reliance Group company Jio Platforms. Recently, US equity firm KKR has also announced an investment of $ 1.5 billion (about Rs 11,367 crore) in Jio platforms. KKR will buy a 2.32 per cent stake in Jio Platforms from this investment.

Sale
Woodland Men's OGC 2586117_Cadet Blue_8 Leather Sneakers
27 Reviews
Woodland Men's OGC 2586117_Cadet Blue_8 Leather Sneakers
  • Material Type: Leather
  • Lifestyle: Casual

These companies have invested

Within the first one month, investments in Reliance Jio platforms have been announced by Facebook Inc., General Atlantic, Silver Lake and Vista Equity Partners. When other companies in the world are battling to save their existence, Ambani has invested a total of Rs 78,562 crore in Reliance Jio platforms, with five companies such as Facebook, General Atlantic, Silver Lake, KKR and Vista Equity within a few weeks amid lockdown. Have to deal with.

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
View Comments (0)

Leave a Reply

Your email address will not be published.