Jio Platforms raises Rs 13,640 crore in 1 day

Reliance Industries Ltd (RIL) on Friday announced two large investments by foreign investors totalling ₹13,640.4 crore into Jio Platforms Ltd. With this, the digital services unit of RIL has raised ₹92,202.15 crore from top global investors in less than six weeks.

In the first transaction, Abu Dhabi-based Mubadala Investment Co. bought a 1.85% stake in Jio Platforms for ₹9,093.60 crore, becoming the sixth global investor in the digital services firm.

Later in the day, RIL said Silver Lake, which had invested ₹5,655.75 crore in Jio Platforms on May 4, will invest an additional ₹4,546.80 crore, along with its co-investors, bringing its aggregate investment to ₹10,202.55 crore, for a 2.08% stake.