Mukesh Ambani’s Reliance Industries has closed all its deals with four investors after Facebook secured a total of ₹30,062 crores.
Reliance said it had closed its purchase of a 6.13% stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake, and General Atlantic.
In a regulatory filing, with the Securities and Exchange Board of India, Reliance disclosed that it had closed the sale of the Jio Platform to L Catterton, Silver Lake, The Public Investment Fund, and General Atlantic.
| Investor | Subscription Amount | Stake (%) |
| L Catterton | ₹ 1894.50 crore | 0.39% |
| The Public Investment Fund | ₹ 11,367 crore | 2.32% |
| Silver Lake | ₹ 10,202.55 crore | 2.08% |
| General Atlantic | ₹ 6,598.38 crore | 1.34% |
In total, Ambani has now sold a total of 25.09% stake in Jio to 11 foreign investors, which amounts to a total of ₹1,17,588.45 crore.
Earlier this week, Reliance has also announced the finalization of its sale to Facebook. The company stated, “Jio platform has allotted equity share to Jaadhu holding following which Jaadhu holding holds 9.99% of the fully diluted equity share capital of Jio platform Ltd.”
The company remarked Jio Fiber may get $1 billion as Abu Dhabi and Saudi sovereign funds are set to invest in Reliance InvIT. Reliance had sold about 25.09% stake in the subsidiary, which houses India’s being the youngest but largest telecom firm, with 11 investors for ₹1,17,588.45 crore. It had closed all the deals with the most significant investor Facebook when it received ₹43,574 crores from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Facebook Inc).
Interstellar Platform Holdings Pte Ltd of L Catterton has paid ₹1,894.50 crores for a 0.39% stake in Jio Platforms. The Public Investment Fund paid ₹11,367 crores for a 2.32% stake while Silver Lake units — SLP Redwood Holdings Pte Ltd and SLP Redwood Co-Invest (D.E.), L.P. — have bought 2.08% stake for ₹10,202.55 crores. General Atlantic Singapore J.P. Pte Ltd has bought 1.34% for ₹6,598.38 crores.
“We at this moment inform that, after receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the company, received the four investors’ subscription amounts,” it said.
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