Microsoft may buy 2.5 per cent in Jio platforms, possible investment of 15 thousand crores

abstract Microsoft can invest two billion dollars i.e. about 15 thousand crore rupees in Jio platforms. Jio Platforms has so far receiv...

abstract

  • Microsoft can invest two billion dollars i.e. about 15 thousand crore rupees in Jio platforms.
  • Jio Platforms has so far received an investment of Rs 78562 crore. 
  • In August 2019, Ambani had set a target of making RIL a debt-free company by March 2021 on a net basis.
  • Reliance Industries is preparing to list its Jio platforms in the foreign stock market.

Detailed

US-based technology giant Microsoft Corporation may buy 2.5 per cent stake in Jio Platforms Ltd owned by Reliance Industries Limited (RIL). Earlier, five big companies invested in Jio platforms in a single month. According to sources, Microsoft can invest two billion dollars i.e. about 15 thousand crore rupees in Jio platforms. Microsoft is in talks with Reliance for investment. Two sources aware of the case quoted Live Mint as saying this. Microsoft is in talks with several industry players about its digital payments service. Microsoft is already involved with Jio platforms and wants to further strengthen this partnership. 



However, there is no confirmation that Microsoft will invest in Jio platforms. Microsoft and Reliance Industries have not yet responded to the investment. In February 2020, Microsoft's Chief Executive Officer (CEO) Satya Nadella announced a partnership with Reliance Jio. Under this partnership, Reliance Jio will set up data centers across the country.  It is known that Jio Platforms has received an investment of Rs 78562 crore so far. Let's know whose investment and stake is involved.
 
companyInvestmentShare
Facebook43,574 crores9.99 percent
silver Lake5,656 crores1.15 percent
Vista equity11,367 crores2.32 percent
General atlantic6,598 crores1.34 percent
KKR11,367 crores2.32 percent
Total share78,562 crores17.12 percent


The goal of creating a debt-free company was
Reliance Chairman Mukesh Ambani, in August 2019, had set a target of making RIL a debt-free company by March 2021 on a net basis. Debt relief from selling stake to companies is expected to be completed in December this year.

Preparation for listing in foreign stock market
RIL's Jio platforms remain the first choice of American companies in terms of investment. Billionaire Mukesh Ambani's Reliance Industries is preparing to list its Jio platforms in the foreign stock market. According to reports, the company's head Mukesh Ambani is in the process of putting it on the global stage soon, given the company's rapid growth. Ambani said last August that he wanted to list RIL's consumer businesses Reliance Jio and retail arm Reliance Retail over the next five years. 

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Today's Latest news, Know What's happening in India- with Timesnowindia.com: Microsoft may buy 2.5 per cent in Jio platforms, possible investment of 15 thousand crores
Microsoft may buy 2.5 per cent in Jio platforms, possible investment of 15 thousand crores
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