Reliance raises Rs 1.04 lakh cr from marquee investors in 8 weeks

New Delhi: Billionaire Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries has raised a record Rs 1.04 lakh crore in less than eight weeks from sale of minority stakes in its digital unit Jio Platforms to marquee investors. On Saturday evening, it announced sale of 0.93 per cent in Jio Platforms to global investment firm TPG for Rs 4,546.80 crore and 0.39 per cent to private equity firm L Catterton for Rs 1,894.50 crore.

With these, Reliance has now sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in less than eight weeks, a company statement said.