Today's Business News Headlines-: ADIA will get a 1.16 percent stake in Reliance Jio.
Today's business news headlines-: The Total amount on investment raised by Reliance Jio has been Rs 97,885.65 crore
Today's business news headlines. Reliance Industries and Jio Platforms Limited have declared the Sunday Deal. Abu Dhabi Investment Authority (ADIA) has contributed Rs 5,683.50 crore in reliance industries Jio platform. The Investment is made at an equity value of Rs 4.91 lack crore and the enterprise value estimation value of Rs 5.16 lacks crore. Consequently, ADIA will get a 1.16 percent stake in Reliance Jio. The total amount on investment raised by Reliance Jio has been Rs 97,885.65 crore under seven weeks, According to the business news headline for today.
Silver Lake who was the second investor in reliance Jio made its last investment on Friday. Along these lines, Silver Lake has contributed a sum of Rs 10,202.55 crore in the Jio platform combining multiple times investments.
On Friday, two ventures made an investment in Jio
Current Business News, on Friday, two investors companies made an investment in Jio. Out of this, Mubadala investment was of Rs 9,039 crore while Silver Lake put Rs 10,202.55 crore in two stages. These investments were made on equity and enterprise value of Jio. A capital investment of Rs 4,546.80 crore was made on Friday and 5,655.75 crores were contributed on 4 May. Silver Lake has invested its capital at an equity valuation of 4.91 lakh crores. And 5.16 lack crores based on the enterprise value of reliance Jio. With this, Silver Lake will get a 2.08 percent stake in Reliance Jio.
The total amount raised by the Reliance Jio platform has now crossed Rs 97,885 crore. ADIA was the eighth investor in the past seven weeks. Along with rights issues, Reliance has gathered an aggregate sum of more than Rs 1.10 lack crore, including capital investment and rights issues.
An aggregate amount of 1.10 lack crore rupees has been raised- Business daily news today
Mubadala's investment was based on the equity value of 4.91 lack crore and an enterprise value of 5.16 lack crore. Mubadala now holds a 1.58% stake in Reliance Jio platform. Through right issue reliance now own 53125 crores. Along with 97885 crores of capital investment. With this, an aggregate amount of 1.10 lack crore rupees has been raised by the company to repay the debt.
Mubadala the first non-US organization to invest in the Jio platform.
As per business news today India in English, Reliance Jio platform remains the first decision of American organizations while considering an investment. Mubadala has now become the first non-US organization to invest its capital in Jio. In past companies like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and KKR are all US organizations to invest in reliance on Jio.
The company set the goal to be debt-free by March 2020.
Toward the finish of the March quarter, Reliance had a debt of Rs 3,36,294 crore. Around then the organization had a cash reserve of Rs 1,75,259 crore. The net debt on the organization was Rs 1,61,035 crore, After settling the debt with the cash reserve. A rupes 262000 crores are mentioned on the reliance balance sheet and 23000 crores are mentioned on Jio out of the total debt. The company set the goal to be debt-free by March 2020.
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