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RELIANCE RAISES JIO PLATFORMS OVER ₹ 168,818 CRORE IN ONLY 58 DAYS

SHRI MUKESH AMBANI: “I have fulfilled my promise to the shareholders by making Reliance Industries net debt-free much before our original schedule of 31st March 2021.”


Reliance Industries Limited has raised over ₹ 168,818 crores in only 58 days through Jio platforms:
1. Investments by global tech investors – ₹ 115,693.95 crore
2. rights offering – ₹ 53,124.20 crores

google investment jio platforms

 

 

The combined capital raised has no precedence globally in such a brief time. Both of those also are unprecedented in Indian corporate history and have set new benchmarks. this is often even more remarkable that this was achieved amidst a worldwide lockdown caused by the COVID-19 pandemic.

Investment Building  of Future Jio Platforms – Reliance Industries 


Along with the stake sale to BP within the petro-retail JV, the entire fundraise is in more than ₹ 1.75 lakh crore. Our net-debt was ₹ 161,035 crore, as on 31st March 2020. With these investments, Reliance Industries  has become NET DEBT-FREE.

Jio Platforms has raised ₹ 115,693.95 crores from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020. PIF’s investment marks the top of Jio Platforms’ current phase of induction of monetary partners

  1. Facebook invested ₹ 43,574 crores in Jio platforms for a 9.99% stake largest FDI for a minority investment in India. This partnership aimed toward creating opportunities for people and businesses.
  2. Silver Lake invested ₹ 5,655.75 crores in Jio platforms at an equity value of ₹ 4.90 lakh crore. This meant reaffirmation of the technology prowess of Jioplatforms by one among the most important technology investors globally.
  3. Vista invested ₹ 11,367 crores in JioPlatforms at an equity value of ₹ 4.91 lakh crore pre-eminent software and technology investor partners with Jio Platforms to assist fulfill Jio’s vision of enabling a digital India.
  4. General Atlantic invested ₹ 6,598.38 crores in Jioplatforms. This Investment by leading global growth investor will help enable Jio to scale its ecosystem towards the mission of building a digital society for India
  5. KKR invested ₹ 11,367 crores in Jioplatforms investment to further propel Jio’s vision of enabling a digital society for India.
  6. Mubadala invested ₹ 9,093.60 crores in Jio platforms. With this investment, Jio Platforms has raised ₹ 87,655.35 crores from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR, and Mubadala.
  7. Silver Lake and co-investors invested additional ₹ 4,546.80 crores in Jioplatforms Mr. Mukesh Ambani: “Aggregate Silver Lake investment of ₹ 10,202.55 crores may be a strong endorsement of Jio’s mission to enable a digital India”
  8. ADIA invested ₹ 5,683.50 crores in Jio platforms investment to strengthen Jio’s mission to create an inclusive digital society in India
  9. TPG invested ₹ 4,546.80 crores in Jio platforms TPG’s deep capabilities in tech investing to support Jio’s initiatives towards developing the digital society
  10. L Catterton invested ₹ 1,894.50 crores in Jio platforms. L Catterton’s deep customer understanding to bolster Jio’s tech initiatives for Indian consumers.
  11. The Public Investment Fund (“PIF”) invested ₹ 11,367 crores in Jio platforms. This investment will assist Jio in building an inclusive technology growth platform for Indian consumers.
  12. Intel Capital will invest ₹ 1,894.50 crores in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in JioPlatforms on a fully diluted basis. Intel Capital joins the list of marquee firms who have recently invested in JioPlatforms, taking the total investment amount to ₹ 117,588.45 crore
Jio Platforms to raise an additional Rs 4546.80 crore from Silver ...
image credit : indiafinancenews

The Reliance Industries rights offering, which was subscribed 1.59 times, wasn’t only the most important ever in India, but also the most important within the world by a non-financial entity within the last ten years

Mr. Sundar Pichai, CEO of Google and Alphabet, said, “Reliance Industries, and Jio Platforms in particular, deserve a good deal of credit for India’s digital transformation. The pace and scale of digital transformation in India is hugely inspiring for us and reinforces our view that building productsfor India first helps us build better products for users everywhere.

Google is proud to invest ₹ 33,737 crore into Jio. I am excited that our joint collaboration will focus on increasing access for hundreds of millions of Indians who don’t currently own a smartphone while improving the mobile experience for all. ” Jio Platforms, a majority-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with morethan 388 million subscribers.

Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices,cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain.

Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth. Reliance Jio Infocomm Limited, which provides connectivity services to over 388 million subscribers, will continue to be a wholly-owned subsidiary of JioPlatforms. The transaction is subject to regulatory and other applicable customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. The law firms Freshfields Bruckhaus Deringer US LLP and J. Sagar Associates advised Google on the transaction.

On 12th August 2019, at the 42nd AGM of Reliance Industries Limited, our Chairman Shri Mukesh Ambani had assured the shareholders about his roadmap for Reliance becoming a net-debt free company before 31st March 2021 and said:

“We have a very clear roadmap to becoming a zero net debt company within the next 18 months that is by 31st March 2021……

Shri Mukesh Ambani-Reliance Industries

 

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