Did Microsoft invest in Jio?

Does Microsoft invested in Jio?

Microsoft Corp. is negotiating an investment of as much as $2 billion in billionaire Mukesh Ambani’s Jio Platforms Ltd, the digital unit of India’s most valuable company, said two people aware of the discussions. “Microsoft has been in discussions with several players in the digital payments services space.

Who invested in Jio?

In all, Jio Platforms has raised capital from thirteen investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.

Did Google invest in Jio?

Joining the elite list of investors, such as Facebook, Google has now paid ₹33,737 crores to Jio Platforms Limited, a subsidiary of the Mukesh Ambani-owned Reliance Industries Limited (RIL). With this investment, Google owns a 7.73% stake in Jio.

Who invested in Jio in 2020?

Before Retail Retail, RIL had raised about Rs 1.52 lakh crore for Jio Platforms from global investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total …

IT IS INTERESTING:  Quick Answer: Is Aflac a good dividend stock?

What is the salary of Ambani?

Since 2008-09, Ambani’s annual salary as RIL’s chairman and managing director has been capped at ₹15 crore. “Remuneration of his cousins Nikhil and Hital Meswani remained unchanged at ₹24 crore,” the annual report said.

How much did Mukesh Ambani invested for Jio?

Interestingly, Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheaper deal than the rest.

Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake ⁠— here’s why.

Company Vista
Investment in Jio ₹11,367 crore
Stake in Jio 2.32%
Equity value ₹4.91 lakh crore

Is Jio profitable now?

Reliance Jio reported net profit of ₹3,651 crore for the first quarte of current fiscal, rising 45 per cent as against ₹2,519 crore in the same quarter last fiscal. Cash profit during the period under review was ₹8,063 crore, higher by 31 per cent on annual basis.

What did Google just put 4 billion into?

Google in talks to invest $4 billion in Reliance’s digital arm, Bloomberg reports. BENGALURU (Reuters) – Alphabet Inc’s Google is in advanced talks to invest $4 billion for a stake in the digital arm of Indian conglomerate Reliance Industries Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter.

Is Jio 5G?

Beginning with the home-grown standalone 5G connectivity, Ambani said that Jio’s 5G solution is ‘comprehensive, complete, and globally competitive’. … The entire 5G standalone network has been installed in our data centers across India and on trial sites in Navi Mumbai.

What is the salary of Jio CEO?

62% more than the average Founder & CEO Salary in Telecom / ISP Companies. Average Reliance Jio Founder & CEO salary in India is ₹ 73.3 Lakhs for employees with years of experience. Founder & CEO salary at Reliance Jio ranges between ₹ 50 Lakhs to ₹ 100 Lakhs.

IT IS INTERESTING:  Best answer: Does Mexico consider foreign investments good for their economy?

Who is the CEO of Jio company?

Atul Kansal – CEO – Jio | LinkedIn.

Why is Mukesh Ambani selling stake in Jio?

Mukesh Ambani-led Reliance Industries Ltd’s (RIL) asset monetisation, which saw the oil-to-telecom major sell 33% stake in Jio Platforms, should significantly improve the company’s credit quality. … According to S&P Global, RIL’s adjusted debt could be less than Rs 1 lakh crore by the end of this financial year.