Ambani’s Jio had been a great option for the investors right from its Launch.
In this series company got investment from Saudi-Arabia’s Public Investment Fund. Team on 18, declared that 11,367 Crores, i.e; 2.32% Stakes of Jio Corp. Before company got funds from Facebook and Vista Corp to raise a total of Rs. 1,15,639.95 Crore.
The Company has been on a capital raising spree to cut down its debt to zero. Reliance Industries last month raised Rs. 53,125 Crore from right issue- EconomicTimes
Now Jio platforms has a equity value of Rs. 4.91 Lakh Crore and an entriprise value of Rs. 5.16 Lakh Crore.
Jio had been a great place of the investors and day by day they expanding it beautifully and drastically.
The Public Investment Fund (“PIF”) to invest ₹ 11,367 Cr. in Jio Platforms.#MukeshAmbani #Reliance #Jio #DigitalIndia #JioDigitalLife #WithLoveFromJio #JioPlatforms #PublicInvestmentFund #PIF pic.twitter.com/FjXu0hjkDW
— Reliance Jio (@reliancejio) June 18, 2020
See Also- OnePlus 8 Pro Colour Filter Changes & McLaren Partnership Revoked