Jio popularity increased, another company invested
Jio popularity increased, another company invested
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On Thursday, the Public Investment Fund (PIF) has announced an investment in Reliance Industries Limited (RIL) 's Jio platform. The company has announced to invest Rs 11,367 crore in the Jio platform. The company has valued the equity value of the Jio platform at Rs 4.91 lakh crore and the enterprise value at Rs 5.16 lakh crore. With this investment, PIF will buy 2.32 percent stake in Jio platform. With this, investment from 11 companies has come in Mukesh Ambani's Jio platform in 58 days. The Jio platform has raised Rs 1,15,693.95 lakh crore in exchange for 24.70 per cent stake in these investment deals.

The Public Investment Fund PIF is the Wealth Fund of Saudi Arabia. This investment of the company is the largest investment ever made in the Indian economy. PIF is making strategic investments in companies under its Vision 2030. On this deal, PIF Governor Yasir Al-Rumayan said, 'We are happy to invest in innovative business. We believe that the capacity of the Indian digital economy is very high and Jio Platforms will give us a great opportunity to reach that growth. '

With the latest investment, the Jio platform has raised a total of Rs 1,15,693.95 lakh crore since April 22, 2020. The Jio platform has raised this investment from leading technology investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADAI, TPG, L Catterton and PIF. On 22 April, Facebook announced the purchase of 9.99 percent stake in Reliance Industries Limited's Jio platform for Rs 43,573.62 crore. After this, Silver Lake announced on May 3 to buy 1.15 percent stake for Rs 5,655.75 crore. On May 8, Vista announced to buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore. After this, General Atlantic had announced to buy 1.34 percent stake on May 17 for Rs 6,598.38 crore. After this, KKR announced on May 22 to buy 2.32 percent stake for Rs 11,367 crore.

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