Immediately after Fb Inc, Reliance Industries has closed discounts to offer a minority stake in its electronic arm to four other investors, getting a total of over Rs 30,062 crore.
In a regulatory filing, Reliance explained it has closed the sale of 6.13 for each cent stake in Jio Platforms with L Catterton, The Public Financial commitment Fund, Silver Lake and Normal Atlantic.
Reliance experienced marketed a total of 25.09 for each cent stake in the subsidiary which homes India’s youngest but biggest telecom agency, Jio, to eleven investors for Rs 1,seventeen,588.forty five crore.
It experienced earlier this 7 days closed the offer with the largest trader Fb when it obtained Rs 43,574 crore from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Fb Inc).
ALSO Read through: Jio Platforms gets Rs 43,574 crore from Fb for nine.ninety nine% stake sale
“Jio Platforms Ltd has allotted fairness shares to Jaadhu Holdings