Reliance Jio has raised ₹ 67,000 crores from leading technology investors including FB, Silver Lake, Vista PE & General Atlantic in the last month.
New Delhi| The telecom unit of Reliance Industries Ltd (RIL), Reliance Jio, has sold a 1.34% to New-York headquartered private equity firm General Atlantic for Rs 6598.38 crore.
Jio Platforms has raised capital from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic in the last month.
The three leading technology investors now own a 14.74% stake in Jio Platforms. All the four businesses are subject to regulative approvals, with the one with Facebook likely to undergo tighter examination given concerns over net neutrality.
RIL is also raising ₹53,215 crores via a rights issue as part of its plans to be debt-free. The company has appointed nine investment banks for its planned fundraise, as per a Mint report.