Below is a brief description of the recent investment programme for the Chiyoplatform.
Reliance Jio | Facebook | KKR
BS webteam |
Last updated on 3. June 2020. 14H08 IST
1 / 5
The 22nd. April Mark Zuckerberg announced on Facebook that the technology giant will acquire a 9.99% stake in Jio Platforms Ltd (JPL) through a new share issue worth Rs 43,574. The transaction is valued at Rs. 4.62 trillion by JPL, a holding company of Reliance Jio.
2 / 5
On the third. On 30 May, the company announced its second agreement with Silver Lake, a private equity firm, to acquire a 1.15% stake in the company for Rs. 5.655,75. Although for 9.99% of the shares the deal was smaller than Facebook’s, it closed with a premium of 12.5%.
Vista Investment Partners
3 / 5
The eighth. In May, the telecommunications giant announced its third transaction, in which Vista’s Equity Partners will invest Rs 11,367 in JPL in exchange for 2.3% of its shares.
4 / 5
The 17th. On May 1, RIL announced the sale of 1.34% of the shares of its digital services subsidiary, Gio Platforms, to the private investment company General Atlantic for Rs. 6,598.38 in order to accelerate the development of its consumer business and reduce its indebtedness. This is the fourth sale of this participation in one month and is valued by Jio Platforms at Rs. 4.91 trillion on a capital basis and Rs. 5.16 trillion on an enterprise value basis.
5 / 5
The 22nd. Mei KKR acquires a 2.32% stake in the Gio Mukesh Ambani platform for Rs 11,367. For KKR, which has interests in Avendus Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is the largest interest in Asia.
Published for the first time: Wedding, 03. June 2020. 12:37 EST