Jio Platforms' fund raising exceeds Rs1 trillion, RIL arm seals 2 more deals1 min read 13 Jun 2020, 10:53 PM IST
Jio has so far raised Rs104,326.95 crore by selling 22.38% stake to 10 investors that include Facebook, General Atlantic, KKR
The stake sales are part of RIL's plan to be debt-free by March. It raised Rs53,124 crore via a rights issue that closed 4 June
NEW DELHI: Jio Platforms on Saturday announced two more stake sales, taking its total fund raising beyond the Rs1-trillion mark in less than 8 weeks. The company has now raised Rs1,04,326.95 crore from 10 investors by selling 22.38% equity of the company, according to a press release issued by the Mukesh Ambani company today.
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