INSUBCONTINENT EXCLUSIVE:
This has to be some kind of record
There is lockdown everywhere
Economy in most countries is in a tailspin
And in this situation, Reliance Industries digital subsidiary Jio Platforms has raised $12.2 billion in just under two months.On a day when
Abu Dhabi-based sovereign firm Mubadala committed itself to invest $1.2 billion in Jio Platforms, it emerged that Silver Lake and its
is the global leader in large-scale technology investing
Its mission is to build and grow great companies by partnering with world-class management teams
technology leaders.(Image credit: CNBC)With this investment, Jio Platforms has raised $12.2 billion (Rs 92,202.15 crore) from leading
and now Silver Lake again, in less than six weeks
The market belief is that Reliance has targeted raising Rs 85,000-Rs 90,000 crore from stake sales in Jio Platforms.Jio Platforms, with more
than 388 million subscribers, has made significant investments across its digital ecosystem, powered by leading technologies spanning
broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented
and mixed reality and blockchain.(Image credit: Mukesh Amabani)Commenting on the aggregate investment brought by Silver Lake, Mukesh Ambani,
and transform the Indian digital ecosystem for the benefit of all Indians
We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their
co-investors into this opportunity, further supporting Jio Platforms in its mission to bring the power of high-quality and affordable
most remarkable technology companies," he added in a press release.While Jio is blazing new trails, its Indian competitors Airtel and
Vodafone-Idea are struggling, and are said to be in talks with Amazon and Google respectively in a bid to lure in investments.(You can read
everything about Jio Platforms and its various investors in our comprehensive coverage here).UaXdAWizdSh9eNdLbBWTTo.jpg?#
