Reliance closes deal with 4 investors, gets a total of over Rs 30,062 crore.

Reliance closes deal with 4 investors, gets a total of over Rs 30,062 crore.
Spread the love

New Delhi, Jul 11  Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore.

Reliance had sold a total of 25.09 per cent stake in the subsidiary which houses India’s youngest but largest telecom firm, Jio, to 11 investors for Rs 1,17,588.45 crore.

Interstellar Platform Holdings¬† of L Catterton has paid Rs 1,894.50 crore for a 0.39 per cent stake in Jio Platforms. The Public Investment Fund paid Rs 11,367 crore for a 2.32 per cent stake while Silver Lake units — SLP Redwood Holdings Pte Ltd and SLP Redwood Co-Invest (DE), L.P. — have bought 2.08 per cent stake for Rs 10,202.55 crore.

General Atlantic Singapore JP Pte Ltd has bought 1.34 per cent for Rs 6,598.38 crore.

“We hereby inform that, after receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the company, received the subscription amounts” from the four investors, an official from reliance said.

Sundera Murthy Kesavan

Dr. Kesavan Sundera Murthy

Leave a Reply

Your email address will not be published. Required fields are marked *