In Reliance Jio Atlantic deal, Jio has secured Fourth whopping investment worth Rs 6,598 crore from General Atlantic, a US investment firm. General Atlantic will invest Rs 6,598.38 Crores in Reliance Jio Platforms. The investment translates to a 1.34% equity stake in Jio. The investment value Jio platforms at an equity value of Rs 4.91 lakh crore.
So far Jio has bagged investments from Facebook, Silver Lake Partners And Visa Equity Partners. General Atlantic has previously invested in Airbnb, Alibaba and Bytedance.
Reliance Jio currently has 388 million subscribers. On April 22 Facebook acquired a 9.99% stake in Reliance Industries Limited by investing 43,574 crores. In May 4 Equity Firm Silver Lake Partners invested Rs 5,665.75 crores. On May 8 the Equiry Firm, Vista Equity Partners invested Rs 11,367 crores in Jio.
Before the Jio Atlantic deal Jio raised Rs 60, 596.37 crores in less than three weeks.
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore.
Earlier, Jio, part of Mukesh Ambani-led Reliance Industries, had inked similar deals with Facebook (Rs 43,574 crore), Silver Lake Partners (Rs 5,665 crore), and Vista Equity Partners (Rs 11,367 crore).
It appears, that this investment is not going well with the audience. comments show that the investment created ambiguity among few.