- 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.
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.
|43,574 crores||9.99 percent|
|silver Lake||5,656 crores||1.15 percent|
|Vista equity||11,367 crores||2.32 percent|
|General atlantic||6,598 crores||1.34 percent|
|KKR||11,367 crores||2.32 percent|
|Total share||78,562 crores||17.12 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.