$8.82 billion FDI in Jio in 26 days

When the whole world is in the grip of COVID-19 and all corporate news is about stress and investors looking for buyouts at throwaway prices, there have been four blockbuster technology investments in India in a thriving company.

Jio Platforms Ltd (JPL), a subsidiary of Reliance Industries Ltd (RIL) has cut four big equity deals in just 26 days. First came on April 22, when Facebook announced its decision to invest Rs 43,574 crore ($5.7 bn) in JPL for a 9.99 per cent stake. On May 4, Silver Lake decided to invest Rs 5,656 crore ($750 mn) for a 1.15 per cent stake. On May 8, Vista Equity Partners said it would invest Rs 11,367 crore ($1.5 bn) for a 2.32 per cent equity stake.