From The Economic Times · Ravindra Sonavane · · 50s
Jio IPO Investors Double Value
Global investors' stakes in Jio Platforms have more than doubled since 2020.
In brief
Global investors' stakes in Jio Platforms have more than doubled since 2020. Meta, Google, and other investors saw their Jio Platforms stakes value rise from under Rs 40,000 crore to over Rs 100,000 crore since 2020. Originally reported by The Economic Times.
Jio Platforms IPO Investors
Global investors including Meta, Google, Saudi Arabia’s Public Investment Fund, Vista Equity Partners, Silver Lake Partners and General Atlantic have seen their Jio Platforms stakes more than double since 2020.
Meta's Stake Growth
Meta-backed Jaadhu Holdings bought a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now valued at Rs 99,846 crore at the IPO price.
Google's Stake Growth
Google invested around Rs 33,737 crore for a 7.73% stake in Jio Platforms, now valued at around Rs 77,307 crore.
The headline
Meta, Google, and other investors saw their Jio Platforms stakes value rise from under Rs 40,000 crore to over Rs 100,000 crore since 2020.
