Why companies are investing in Jio?
Social distancing has meant increased usage of technology and digital solutions, which is driving investors towards tech companies. RIL has tapped into this heightened interest for technology investments by positioning Jio as a digital platform company.
How many companies invest Jio?
In all, Jio Platforms has raised capital from thirteen investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.
Which company invested in Jio?
Before Retail Retail, RIL had raised about Rs 1.52 lakh crore for Jio Platforms from global investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total …
Is Jio really profitable?
The company posted a net profit of Rs 3,508 crore, as compared to Rs 2,379 crore in the same period last year. Jio also posted an average revenue per user (ARPU) during the quarter of Rs 138.2 per subscriber per month. … The consolidated revenue from operations stood at Rs 18,278 crore, Jio said in a press release.
Why is Ambani raising so much money?
A large chunk of this money will go towards paying off the debt that RIL owes to banks and other lenders. Secondly, the company will use a part of the money to fuel further growth in Jio Platforms, with Mukesh Ambani focusing on data.
How much of Jio does Ambani own?
|Jio headquarters in Mumbai|
|Key people||Anant Ambani (Director)|
|Products||Telecommunications E-commerce Entertainment Retail|
|Owners||Reliance Industries (67.03%) Strategic investors (18.26%) Private equity firms (9.38%) Sovereign wealth funds (5.33%)|
How much is Jio worth?
As of September 2020, Reliance Industries has raised ₹1.65 lakh crore (US$23 billion) by selling nearly 33% equity stake in Jio Platforms.
|Jio’s headquarters in RCP, Navi Mumbai|
|Net income||₹12,537 crore (US$1.8 billion) (FY 2020–21)|
|Total assets||₹305,965 crore (US$43 billion) (FY 2020–21)|
Who is Jio owner?
Is Jio listed in NSE?
Reliance Jio Infocomm Ltd. is not listed on NSE (View BSE)