Reliance JIO sold more than 30% stake to these 12 companies in more than 20 Billion USD. That makes Mukesh Ambani 5th richest person in the world. Read full Information about investment
Reliance Industries was established by Dhirubhai Ambani on 8 May 1973. Now Mukesh Ambani is the chairman of Reliance group. Mukesh Ambani is the world’s 5th richest man and 1st richest man in India. Reliance is one of the largest business empires in Asia. Reliance spread their business in many sectors like Textile, telecommunication, pharma, etc. On 5th September 2016, Mukesh Ambani put his step in Tele-communication and named as JIO. And in 3 years JIO becomes India’s largest telecom company.
In 2020 during the lockdown in India, Reliance JIO raised around 20 billion USD as Foreign Investment, for this Reliance sold around 33% of stake to Private Investors
- Facebook, the largest social media platform to invest $ 5.7 Billion for 9.9% stake in Reliance JIO
- Google, The largest search engine to Invest $ 4.5 Billion for 7.73% stake in Reliance JIO
- Silver Lake, The Global Tech Investor to invest $ 1.33 Billion for 2.1% stake in Reliance JIO
- VISTA, the investment firm to invest $ 1.5 Billion for 2.30% stake in Reliance JIO
- General Atlantic, American growth equity firm to invest $ 0.8 Billion for 1.30% stake in Reliance JIO
- KKR, Private equity firm to invest $ 1.5 Billion for 2.3% stake in Reliance JIO
- Mubadala, The Investment company of UAE to invest $ 1.2 Billion for 1.85% stake in Reliance JIO
- Abu Dhabi Investment Authority, UAE to invest $ 0.75 Billion for 1.16% stake in Reliance JIO
- TPG, The Global Private Investment to invest $ 0.6 Billion for 0.93% stake in Reliance JIO
- L. Catterton, Equity capital firm to invest $ 0.25 Billion for 0.39% stake in Reliance JIO
- Public Investment Fund of Saudi Arabia to invest $ 1.5 Billion for 2.3% stake in Reliance JIO
- Qualcomm, Wireless technology & Innovation firm to invest $ 0.09 Billion for 0.15% stake in Reliance JIO–
These 12 companies invest in Reliance JIO. Not only in telecommunication but also the retail business, Reliance left everyone behind. Reliance cover 50% of the online retail market in India and Investment companies is ready to invest in Reliance retail. Saudi Arabia’ public Investment Fund to Invest $ 1.3 Billion for 2.04% in Reliance Retail and many more investment companies shall come.