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News Jio In The Top 5 Largest Listed Companies In India

Jio In The Top 5 Largest Listed Companies In India

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The deal of  44,000-crore with Mark Zuckerberg’s Facebook buying 10% equity stake in Mukesh Ambani’s Jio has made Reliance Industries’ telecom as one of the top five industries.

There are reports that Jio platforms become the fifth-largest company in the country in the stock market. In the last two months, 11 tech investors have invested in Jio platforms and according to the rate at which they bought the valuation of the company is Rs 4.91 lakh crore. With this valuation, Jio Platforms is ahead of Housing Development Finance Corp platforms (Rs 3.2 lakh crore), Bharti Airtel (Rs 3.04 lakh crore), Infosys (Rs 3.04 lakh crore) and Kotak Mahindra Bank (Rs 2.57 lakh crore).

Let us tell you that Jio has all foreign investors that include Facebook Inc., Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L. Carterton, and PIF. Since April 22 this year, these investors have signed an investment of Rs 1,15,693 crore in Jio platforms. Apart from this, Reliance Industries has recently raised Rs 53,124 crore.

The most popular deal of Reliance has been with the world’s tech company Facebook. Facebook has invested Rs 43,574 crore to buy a 9.99 percent stake in Jio Platforms. Silver Lake then announced a 1.15 percent stake with an investment of Rs 5,656 crore, Vista Equity announced a 2.32 percent stake with an investment of Rs 11,367 crore and General Atlantic announced a 1.34 percent stake with an investment of Rs 6,598 crore.KKR also announced a 2.32 percent stake in Jio Platforms with an investment of Rs 11,367 crore and Mubadala announced a 1.85 percent stake with an investment of Rs 9,093 crore.

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