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The Rise of Reliance Industries

"This investment is a strong endorsement of our strategy and India’s potential" - Mukesh Ambani

The Reliance Industries have raised Rs 1.04 lakh crore in less than eight weeks by selling stakes in Jio Platforms to global investors, and their enterprise value has now reached Rs 5.16 lakh crore.

Altogether, nine investors hold a 22.38 percent stake in Jio Platforms, and Facebook has the biggest stake at 9.99 percent. Silver Lake is the world's largest tech investor and has invested in companies such as Twitter, Alibaba, and Dell Technologies. On 3rd May, it bought a 2.08 percent stake in Jio Platforms for Rs.10,213 crore. KKR invests in businesses in the technology sector and has invested in BMC Software, ByteDance, and GoJek. Since its establishment, KKR has invested over $30 billion in tech companies. And, on 22nd May, KKR bought a 2.32 percent stake for Rs 11,367 crore. 

Mubadala invests in communication technology, which includes telecoms and satellite operations. On 5th June, it was decided that Mubadala will purchase a 1.85 percent interest in Jio Platforms for Rs 9,093.60 crore.  Abu Dhabi Investment Authority (ADIA) is an investment institution that invests funds for the Government of Abu Dhabi.

On 7th June, ADIA invested Rs 5,683.50 crore for a 1.16 percent stake. Mubadala, an investment company in Abu Dhabi, will purchase a 1.85 percent interest in Jio Platforms for Rs 9,093.60 crore. All these investments will help Reliance pay its net debt by the end of the year. General Atlantic has a tradition of investing in unconventional entrepreneurs and companies such as Airbnb, Uber, and Facebook. It bought a 1.34 percent stake in Jio Platforms for Rs6,598.38 crore. Truth be told, Reliance Industries is very much on track to becoming free of debt.

Reporter: Haneen

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