Reliance Jio News || Silver Lake & Co-Investors made an additional investment in Jio platform.

Reliance Jio News-: Silver Lake & Co-Investors made an additional investment of 4546.80 million rupees in the Jio platform.  

Reliance  News Jio -:This is the 7 investment for the past 6 weeks in the Jio platform. 

According to Reliance Jio News,  Silver Lake & Investors Additional Investment In Jio. Jio Platform Limited announced another investment late in the evening on Friday. Silver Lake & Co-Investors of America has invested an additional 4546.80 crores in the Jio platform.

Earlier, Silver Lake had invested Rs 5655.75 crore on May 4. Silver Lake has invested a total of Rs 10202.55 crore in the Jio platform in two times.

Mubadala invested on Friday morning. 

In Business news this week, Friday morning, Mubadala announced an investment of Rs 9039 crore in Jio. Silver Lake has invested in a valuation of 4.91 lack crores of equity. Whereas, on the basis of enterprise value 5.16 lack crore has been invested.

With this, Silver Lake has acquired 2.08 percent equity in Jio. This was the 7th investment within 6 weeks. Reliance got a total amount of Rs.1.45 lack crore by joining this investment and rights issues. 

4.91 lakh crores Investment at an equity value of Rs.

The statement issued in Indian business news by RIL said that Mubadala has made this investment of Rs 4.91 lack crore equity value of the Jio platform. And Rs 5.16 lack crore enterprise value. RIL said that through this investment, Mobdala will get a 1.85% stake in the Jio platform.

With this 92202 crore, Reliance also has a quarter share of 53125 crores of the rights issue. In this way, the total amount of 1.05 lakh crores has been paid to the company to repay the debt. 

The first non-US company to invest in the Jio platform.

As mentioned in the Latest India business news. RIL's Jio platform remains the first choice of American companies in terms of investment. Mubadala has now become the first non-US company to invest in the Jio platform.
Facebook, Silver Lake, Vista Equity, General Atlantic, and KKR & Co. are all American companies.

Reliance Industries had a net debt of Rs.161035 crore in March

At the end of the March quarter, Reliance had an outstanding debt of Rs 336294 crore. At that time the company had cash of Rs.175259 crore. After adjusting the debit with cash, the net debt of the company was 161035 crore.

Out of the outstanding debts of the company, the debt of Rs.262000 crore is on the balance sheet of Reliance. And Rs.23000 crore is on the Jio. As said in the statement of MD and Chairman of Reliance industries the company focus to be debt-free by March 2020