InvestorQ : How has the debt of Reliance Jio been moving in the last few months since the monetization of stake started?
Juvina Maggie made post

How has the debt of Reliance Jio been moving in the last few months since the monetization of stake started?

Answer
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Angel dcosta answered.
3 months ago


The net debt of Reliance Jio has fallen sharply from Rs.217,000 crore to Rs.21,900 crore as the parent company has been continuously monetizing its stake in Jio Platforms by placing shares with global investors. RIL has till date placed 19.9% stake in Jio Platforms with marquee investors like Facebook, Silver Lakes, Vista Equity, General Atlantic Partners, KKR and the Abu Dhabi sovereign fund (Mubadala). This 19.9% stake has helped RIL to raise close to Rs.92,200 crore. Jio Platforms will retain 10% of the funds and transfer the balance amount to its parent to help deleverage the balance sheet. It needs to be remembered that large part of the debt reduction happened due to the transfer of assets to the INVIT.