The list of foreign investors investing in Jio platforms of Reliance Industries Limited (RIL) is getting longer. On Sunday, the company received the eighth largest company Abu Dhabi Investment Authority (ADIA) in the seventh week, which announced an investment of Rs 5,683.50 crore in Jio Platforms for 1.16 per cent equity. ADIA has valued the equity value of Jio platforms at Rs 4.91 lakh crore. So far, a total of Rs 97,885 crore has been invested in Jio in the last seven weeks. Facebook started investing in the Jio platform. Facebook invested 9.44 percent and bought 9.99 percent stake. Then Silver Lake Vista Equity Partners, General Atlantic, KKR, Mubadla and now ADIA have invested as the seventh investor.
Reliance Industries has so far signed a deal to sell more than 20 percent stake. On Friday, Silver Lake made a fresh investment of Rs 4,546.80 crore for an additional 0.93 percent stake. On Friday itself, Abu Dhabi-based investment company Mubadla bought a 1.85 percent stake for Rs 9,093.60 crore. On April 22, Facebook acquired a 9.99 percent stake in the Jio platform for Rs 43,574 crore. A few days after the deal, Silver Lake, the world’s largest technology investor, bought a 1.15 percent stake in Jio Platforms for Rs 5,665.75 crore.
On May 8, US-based Vista Equity Partners bought a 2.32 percent stake in Jio Platforms for Rs 11,367 crore. Global equity firm General Atlantic on May 17 acquired a 1.34 percent stake in the company for Rs 6,598.38 crore. Subsequently, American equity investor KKR bought a 2.32 percent stake for Rs 11,367 crore. Jio Platforms is a wholly owned entity of Reliance Industries Limited. The next generation technology company is aiming to make the country grow into a digital society. For this, Jio’s flagship digital app, Digital Ecosystem and the country’s number one high-speed connectivity platform is working together. Reliance Jio Infocomm Limited has 388 million customers, will remain a wholly owned entity of Jio Platform Limited.