InvestorQ : How many deals has Reliance Industries struck in all for Jio Platforms and what is the total size of all these deals?
Katherine Gonsalves made post

How many deals has Reliance Industries struck in all for Jio Platforms and what is the total size of all these deals?

Answer
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Rutuja Nigam answered.
3 months ago


Over the last 8 weeks, the RIL group struck a series of deals starting with Facebook and then across a slew of PE funds and sovereign funds. Here are the highlights.

· Facebook acquired a 9.99% stake in Jio Platforms and was one of the first investors for Rs. 43,574 crore. It was more of a strategic placement of shares for larger partnerships.

· Over two rounds, RIL placed 2.08% stake in Jio Platforms with Silver Lakes PE Fund for a total consideration of Rs.10,203 crore for an overall valuation of $65 billion.

· Subsequently, Vista Equity Partners also took a 2.32% stake in Jio Platforms at a price of Rs.11,367 crore, becoming the second PE fund to invest in Jio Platforms.

· General Atlantic Partners then took a 1.34% stake in Jio Platforms for Rs.6,598 in what represented their first major stake in the India digital opportunity.

· Globally reputed KKR took a 2.32% stake in Jio Platforms for Rs.11,367 crore even as Henry Kravis called Jio the best positioned to prise open the India digital story

· With PE funds make a queue sovereign funds were not too far. Mubadala of Abu Dhabi took a 1.85% stake in Jio Platforms for Rs.9,094 crore to be followed by more

· This was followed by the Abu Dhabi Investment Authority taking a 1.16% stake in Jio Platforms for Rs.5,684 crore to participate in the India telecom opportunity

· The next big PE fund investment came from TPG Group which invested to take 0.93% stake in Jio Platforms for Rs.4,547 crore.

· Subsequent to that, UK based Catterton Fund also took a much smaller stake of 0.39% in Jio Platforms for Rs.1,895 crore and this represents the smallest among the flows

· Finally, the Public Investment Fund or PIF of Saudi Arabia also took a 2.33% stake in Jio Platforms at Rs.11,400 crore.

With the PIF deal, Reliance has now managed to sell 24.71% stake in Jio Platforms for a total consideration of Rs.1,15,729 crore. All the PE and Sovereign Fund investment deals other than Facebook have valued Jio Platforms at around $65 billion.