It was a few months ago, all telecom companies including Bharti Airtel, Vodafone, Idea were charged a huge fine. The fine charged by the Government was so huge that most companies were out of hope to make themselves creditworthy again. The telecom companies did not have any choice but to find investors to sell some of their equity to raise money. We all know Reliance Jio, who showed us the real value of 4G were in debt as well. But Reliance Jio was quick and raised massive investment money of about ₹1.18 Lakh Crore. Investors across the globe showed interest in Reliance Jio and invested money in the company. Here’s how Jio Platforms raised ₹ 1.18 Lakh Crore in just three months with the timeline.
Table of Content
- 1 Investors in Reliance Jio with the timeline
- 2 Summary of Investors in Reliance Jio
- 3 Reliance Jio may bring 5G in India first, Jio Laptops?
Investors in Reliance Jio with the timeline
Here is the list of investors in Reliance Jio with how much percentage stake bought. Also, how much money was invested by different companies.
1) 22 April 2020:
The worldwide famous social media company, Facebook announced an investment of ₹43,574 crores into Jio Platforms. Facebook bought a vast 9.99 per cent equity stake in Jio Platforms. This also made Facebook, the largest FDI (Foreign Direct Investor) in the Indian tech sector.
2) 8 May 2020:
US-based private equity firm Vista Equity Partners bought 2.32 per cent stake in Reliance Jio for ₹11,367 crores.
3) 4 May 2020:
Silver Lake, one of the world’s largest tech investors, agreed to invest ₹5,655.75 crores to buy a 1.15 per cent stake in Jio Platforms.
4) 17 May 2020:
General Atlantic, the US investment firm who also funded Airbnb and Uber has picked up 1.34 per cent stake. It cost them about ₹6,598.38 crores.
5) 22 May 2020:
Reliance Jio sold 2.32 per cent stake to the US-based private equity giant KKR (don’t mistake for Kolkata Knight Riders :P) for ₹11,367 crores.
6) 5 June 2020:
Mubadala Investment Company, the Abu-Dhabi based sovereign investor, made an investment of ₹9,093.60 crores into Jio platforms. The company acquired a 1.85 per cent equity stake.
7) 6 June 2020:
Silver Lake invested another ₹4,546.80 crores for additional 0.93 per cent stake in Jio Platforms.
8) 16 June 2020:
Abu Dhabi Investment Authority (ADIA) showed interest and acquired 1.16 per cent equity stake in Jio Platforms for ₹5,683.5 crores.
9) 13 June 2020:
Reliance Industries sold 0.93 per cent stake in Jio Platforms to global alternative asset firm TPG for ₹4,546.80 crores.
10) 13 June 2020:
On the same day, L Catterton, one of the world’s largest consumer-focused private equity firms, invested ₹1894.50 crores. Translating into a 0.39 per cent equity stake in Jio Platforms.
11) 18 June 2020:
Saudi Arabian sovereign wealth fund PIF bought 2.32 per cent stake in the Reliance Jio for ₹11,367 crores.
12) 3 July 2020:
Largest chipmaker Intel invested ₹1,894.50 crores in acquiring 0.39 per cent stake in Jio Platforms.
13) 12 July 2020:
The US leading 5G chipmaker Qualcomm invested ₹730 crores which led them to acquire 0.15 per cent of equity in Reliance Jio.
Summary of Investors in Reliance Jio
Here is the overall summary of Investors in Reliance Jio.
Reliance Jio may bring 5G in India first, Jio Laptops?
With investors such as Facebook, Qualcomm, Intel, Jio Platform will be using their help to bring innovation into the country. The company may work with Qualcomm carefully to bring 5G as soon as possible in India. With the help of Intel, it is also rumoured that Reliance Jio would bring their affordable laptop series. The company will be trying to create an eco-system of their products which may be launching soon. US Tech companies can collaborate with Indian Telecom network Jio to improve the consumer experience. Time will say what Jio Platforms can bring for us.
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Intel Capital recently invested ₹1894.5cr in Jio Platforms. An analysis of its past investments reveals that Intel might speed up Jio's ventures in 5G, AI, and Laptops. . . . #BurnerBits #TechBurner #TechBurnerTeam #Intel #Jio #Business #RelianceJio #MukeshAmbani #Ambani #Money #Jio #JioLaptop #Laptops #MadeInIndia
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