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How much stake does Ambani own in Jio?
Google became the second largest investor in Jio after Facebook which has a 9.9\% stake in the company….Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake — here’s why.
|Investment in Jio||₹ 9,093.60 crore|
|Stake in Jio||1.85\%|
|Equity value||₹4.91 lakh crore|
What Ambani is sold?
Mukesh Ambani sold dreams to tech giants for $27 bn. Now he has to deliver. The Indian tycoon’s fundraising spree was initially meant to be more of a Plan B.
What percentage of reliance does Ambani own?
|Net income||₹53,223 crore (US$7.1 billion) (2021)|
|Total assets||₹1,321,212 crore (US$180 billion) (2021)|
|Total equity||₹693,000 crore (US$92 billion) (2021)|
|Owner||Mukesh Ambani (49.46\%) Public (50.54\%)|
Did Jio buy Reliance?
In October 2019, Reliance Industries Limited (RIL) announced the creation of a wholly owned subsidiary for its digital businesses including Jio. In November 2019, the subsidiary was named Jio Platforms. acquired a 9.99\% stake in Jio Platforms for ₹435.74 billion (US$5.8 billion).
How did reliance raise ₹ 1 lakh crore by selling Jio platform?
Since April 22, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has announced 12 deals to sell more than 25 per cent stake in its digital services arm, Jio Platforms. Together, the deals have helped the country’s most valuable company to raise about ₹ 1.18 lakh crore.
Should Ambani be happy with Reliance’s $5 billion investment from Facebook?
The same week that the economics of global oil was flipped on its head, Reliance snapped up a cool $5.7 billion (Rs 43,574 crore) investment from Facebook in return for a 9.99\% stake in Jio Platforms, the subsidiary that will house a majority of the empire’s digital assets. Ambani also has more than a few reasons to be happy.
Is Mukesh Ambani ahead of the curve again?
Mukesh Ambani appears prescient and ahead of the curve once again. The same week that the economics of global oil was flipped on its head, Reliance snapped up a cool $5.7 billion (Rs 43,574 crore) investment from Facebook in return for a 9.99\% stake in Jio Platforms, the subsidiary that will house a majority of the empire’s digital assets.
Why did Mark Zuckerberg buy 10\% stake in Jio?
The theory here is that COVID-19 pandemic will only accelerate these protectionist concerns and by picking up a near 10\% stake in Jio, Zuckerberg appears to be buying ‘protection’ in a manner of speaking. Or at the very least, Reliance and Facebook may find more common ground when it comes to their lobbying efforts in the future.