InvestorQ : Who are the latest investors in Jio platforms?
vani Patil made post

Who are the latest investors in Jio platforms?

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Anjali Desai answered.
3 months ago

In a spree that has nearly become a regular feature, Reliance Industries (RIL) has locked deals with 5 marquee investors for its famed digital company Jio Platforms. In these transactions, RIL has a diluted 6.28% stake in the company for a cumulative sum of RsRs30,792.43cr.

The heavyweight investors include Interstellar Platform Holdings Pte Ltd of L Catterton (Rs 1,894.50cr for a 0.39% stake in Jio Platforms), the Public Investment Fund (Rs11,367cr for a 2.32% stake), Silver Lake units under SLP Redwood Holdings Pte Ltd and SLP Redwood Co-Invest (DE), L.P (2.08% stake for Rs 10,202.55cr), General Atlantic Singapore JP Pte Ltd (1.34% stake for Rs 6,598.38cr).

The last to join this list of big names is US-based Qualcomm Inc, who will invest Rs730cr in RIL's digital unit for a 0.15% stake. The deal with Qualcomm, the 13th such investment in 12 weeks, signifies that RIL has sold 25.24% in Jio. RIL has now raised Rs118,318.45cr in total from some of the world’s leading tech investors.