12 investments in 11 weeks: How Jio Platforms raised ₹117,588.45 crore
Intel Capital is among the firms, including Facebook Inc and KKR, that have recently invested in Jio Platforms, taking the total investment amount to ₹117,588.45 crore.
Intel Corp’s investment arm will pay some ₹1,894.50 crore for a small stake in Reliance Industries Ltd’s digital unit Jio Platforms, in the latest share sales that have helped Mukesh Ambani’s oil-to-retail conglomerate pare its debt.
Reliance said in a statement Intel Capital will invest the amount in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. Its investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.
Intel Capital is among the firms, including Facebook Inc and KKR, that have recently invested in Jio Platforms, taking the total investment amount to ₹117,588.45 crore.
This is the twelfth investment in Jio Platforms within eleven weeks since April 22, 2020.
Here’s a list of other companies that have invested in Jio Platforms:
Facebook: The Mark Zuckerberg-led social media giant invested ₹43,574 crore in Jio Platforms for a 9.9% stake in the company on. It was announced on April 22.
Silver Lake: The American private equity firm bought about 1.15% stake in Jio Platforms for ₹5,655.75 crore (about $746.8 million) in Jio Platforms on May 4, giving it a valuation of $65 billion, a 12.5% premium to the value implied by the Facebook investment.
Vista: Vista Equity Partners invested ₹11,367 crore in Jio Platform for a 2.3% stake in RIL’s digital unit. The US-based firm’s investment on May 8 gave Jio an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
General Atlantic: General Atlantic had agreed to take a 1.3% stake to set an enterprise value of ₹5.16 trillion for Jio Platforms on May 17.
KKR: On May 22, US equity firm KKR invested ₹11,367 crore for a 2.32% stake in Jio Platforms, in the fifth major investment announced in Mukesh Ambani’s oil-retail-to-telecom conglomerate in four weeks. In KKR’s largest investment in Asia, the transaction valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
Mubadala: Abu Dhabi-based sovereign investor Mubadala Investment Company bought a 1.85% stake in Jio Platforms for ₹9,093.6 crore on June 5. The investment from Mubadala came at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
Silver Lake: The company announced a second investment in Jio Platforms on June 5 for ₹4,546.80 crore for a 0.93% stake. It valued Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. The additional investment translated into a 2.08% equity stake in Jio Platforms on a fully diluted basis.
ADIA: Abu Dhabi Investment Authority (ADIA) invested ₹5,683.50 crore for 1.16% stake in Jio Platforms Ltd on June 7. The investment by an undisclosed wholly-owned subsidiary of ADIA valued Jio Platforms at ₹4.91 lakh crore.
TPG Capital: TPG’s investment on June 13 in Jio was ₹4,546.80 crore for a 0.93% stake assigning it an equity valuation of ₹4.91 lakh crore and an enterprise valuation of ₹5.16 lakh crore.
L Catterton: L Catterton invested ₹1,894.50 crore on June 13, the same day as TPG, in exchange for a 0.39% stake in the tenth investment in RIL’s digital unit in seven weeks.
Public Investment Fund: The Saudi Arabian sovereign wealth fund picked up a 2.32% stake in Jio Platforms for ₹11,367 crore on June 18. It gave Jio Platforms an equity valuation of ₹4.91 trillion and an enterprise value of ₹5.16 trillion.
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