InvestorQ : How reliable is it that Microsoft is now also planning to take a stake in Jio Platforms? How big is the investment likely to be?
Lavanya Subramanian made post

How reliable is it that Microsoft is now also planning to take a stake in Jio Platforms? How big is the investment likely to be?

Answer
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ishika Banerjee answered.
5 months ago


I think it is extremely reliable. We have seen in the past that most of the reported names have take a stake in Jio Platforms like Facebook, Silver Lakes, Vista Equity, General Atlantic and KKR. Now it is the turn of one of the world’s most valuable companies, Microsoft Corp, to also take a stake in Jio Platforms. According to reports, Microsoft is in talks to invest up to $2 billion in Jio Platforms, the digital unit of the Reliance Group. It is expected that Microsoft may take more than 2.5% stake in Jio Platforms and valuation may be roughly at par or better than other PE deals. RIL has managed to sell around 17.2% in Jio Platforms for Rs.78,500 crore and Microsoft may enable Reliance to touch 20% stake sale in Jio Platforms. Jio and Microsoft already have a partnership which was cemented during Satya Nadella’s recent visit to India. Reliance Jio will set up data centres across India and use Microsoft Azure’s cloud services for enterprise clients.