Jio’s making money even as global economies bleed

Hustle
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Hustle

Even as economies across the world are losing money, Mukesh Ambani’s Jio platforms are cashing in cheques from various investors, closing their 5th deal in a months time.

Agencies
KKR
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KKR

Private equity firm is set to invest Rs.11,367 crore for a 2.32% stake. This is KKR's largest invetsment in Asia.

Agencies
General Atlantic
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General Atlantic

Private equity firm General Atlantic is set to invest Rs 6,598.38 crore in Jio Platforms for a 1.34% stake.

Vista Equity
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Vista Equity

A private equity firm, Vista, has just agreed to invest over Rs 11,000 crore in Jio Platforms, securing a 2,32 per cent stake in the company.

Agencies
Silver Lake
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Silver Lake

Vista is, however, the second equity firm to invest in Jio; Silver Lake equity - an American firm - invested about Rs 5,000 crore for a 1.15 per cent stake.

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Facebook
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Facebook

The original investment that set off this cascade was Mark Zuckerberg’s social networking giant, Facebook; the company snapped up a 9.99% stake in Jio for a little over Rs 43,000 crore.

Agencies
Money money
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Money money

All these investments total a little in excess of Rs 78,562 crore all of which goes to Jio Platforms, which houses JioSaavn, JioCinema, Haaptik and Reliance’s main telecom venture Jio.

Agencies

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