RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors

Right after Facebook Inc, Reliance Industries has closed discounts to offer a minority stake in its electronic arm to 4 other traders, receiving a total of more than Rs thirty,062 crore.

In a regulatory filing, Reliance reported it has closed the sale of 6.thirteen per cent stake in Jio Platforms with L Catterton, The Community Financial commitment Fund, Silver Lake and Typical Atlantic.

Reliance experienced marketed a total of 25.09 per cent stake in the subsidiary which houses India’s youngest but premier telecom firm, Jio, to eleven traders for Rs one,17,588.forty five crore.

It experienced before this week closed the offer with the most important investor Facebook when it obtained Rs 43,574 crore from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Facebook Inc).

ALSO Read: Jio Platforms will get Rs 43,574 crore from Facebook for 9.99% stake sale

“Jio Platforms Ltd has allotted equity shares to Jaadhu Holdings pursuing which Jaadhu Holdings retains 9.99 per cent of the entirely diluted equity share money of Jio Platforms Ltd,” the business experienced reported on July 7.

Now, Interstellar Platform Holdings Pte Ltd of L Catterton has paid Rs one,894.50 crore for a .39 per cent stake in Jio Platforms. The Community Financial commitment Fund paid Rs eleven,367 crore for a two.32 per cent stake although Silver Lake units — SLP Redwood Holdings Pte Ltd and SLP Redwood Co-Make investments (DE), L.P. — have acquired two.08 per cent stake for Rs ten,202.55 crore.

Typical Atlantic Singapore JP Pte Ltd has acquired one.34 per cent for Rs 6,598.38 crore.

“We hereby inform that, after receipt of all requisite approvals, Jio Platforms Restricted, a subsidiary of the business, obtained the membership quantities” from the 4 traders, it reported.