You asked: Why investors are investing in Jio?

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.

Who are investing in 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.

Who invested in Jio in 2020?

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 …

Why is Facebook investing in Jio?

On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.

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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.

Is it good to invest in Jio?

Is Jio a good investment? Jio is a disruptive Indian internet company with a wireless customer base of about 404.1 million (compared with 295.2 million for Vodafone Idea and 326.6 million for Airtel). Jio holds about 35.1 percent of the market, whereas Airtel and Vodafone Idea hold 28.4 and 25.7 percent, respectively.

Who is Jio owner?

What is the salary of Ambani?

Mumbai airport registers a 59% sequential passenger gro ….

Since 2008-09, Ambani’s annual salary as RIL’s chairman and managing director has been capped at ₹15 crore. “Remuneration of his cousins Nikhil and Hital Meswani remained unchanged at ₹24 crore,” the annual report said.

How much of Jio does Ambani own?

Jio Platforms

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%)
Parent Reliance Industries

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.

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)
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Why is Jio valued so much?

Jio Platforms is a subscription driven model and has a lot of consumer data. It uses latest technology and cloud computing for delivery which decouples revenue from the number of users or subscribers that one has.

Did Ambani buy Facebook?

Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake ⁠— here’s why. Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheaper deal than the rest. Both the deals had a different equity valuation for Jio than the other financial investors who also paid a 12.5% premium.

Why is Mukesh Ambani selling stake in Jio?

Mukesh Ambani-led Reliance Industries Ltd’s (RIL) asset monetisation, which saw the oil-to-telecom major sell 33% stake in Jio Platforms, should significantly improve the company’s credit quality. … According to S&P Global, RIL’s adjusted debt could be less than Rs 1 lakh crore by the end of this financial year.

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