Jio Platforms receive investments worth over Rs. 30,000 crore

The Indian digital services company, Jio Platforms, has received subscription amounts from four investors for a stake. The total subscription amounts to Rs. 30,062.43 crores which it has received for a 6.13% of its stake.

The company has received Rs. 1894.50 crores from L. Catterton for 0.39% of fully diluted equity share capital. An amount of Rs. 11,367 crore has been received from Public Investments Fund for a 2.23% stake. At the same time, Silver Lake Unites- SLP Redwood Holdings Pte. Ltd. and SLP Redwood Co-invest (DE), L.P., have bought a 2.08% stake for Rs. 10,202.55 crores. The last 1.34% stake has been bought by General Atlantic Singapore for Rs. 6598.39 crores.

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This announcement comes a week after Jio Platforms closed its deal with its largest investor Facebook. With this deal, the social media company now owns a 9.99% stake in Jio Platforms limited which amounts to Rs. 43,574 crores. 

So far, the company has received 11 investors globally investing a total of Rs. 1.18 lakh crores for a 25.09% stake in the company. 

The 11 investors include, Silver Lake, TPG Capital, KKR, General Atlantic, Mubadala, ADIA, Silver Lake, L. Catterton, Facebook, Vista and Public Investment Fund.