How much money has Jio invested?
Reliance Jio has received a flood of investment in recent months. It has raised a total of Rs 1.52 lakh crore by selling almost 33 per cent stake to 13 financial and strategic investors in only 11 weeks, helping to cut down RIL’s net debt target for the full fiscal year.
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 …
Is Jio really profitable?
Reliance Jio, the telecom arm of Reliance Industries Limited (RIL), recorded a 47.5 percent year-on-year profit in the fourth quarter of financial year 2021. The company posted a net profit of Rs 3,508 crore, as compared to Rs 2,379 crore in the same period last year.
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.
How much did Mukesh Ambani invested to start Jio?
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.
|Investment in Jio||₹11,367 crore|
|Stake in Jio||2.32%|
|Equity value||₹4.91 lakh crore|
Who is the largest investor in Jio?
Google has become the latest high-profile firm to back India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.73% stake in the top Indian telecom network, Reliance Industries chairman Mukesh Ambani said on Wednesday.
How much Mukesh Ambani owns in Jio?
This investment translated into a 9.99% equity stake, on a fully diluted basis. Further in May 2020, RIL sold roughly 1.15% stake in Jio Platforms for ₹5,656 crore (US$790 million) to the American private equity investor, Silver Lake Partners.
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.
Why is Google invested in Jio?
Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.
How much does Ambani earn per day?
1. Mukesh Ambani and the family at spot 1 in the list and the total wealth of the group stands at 7,18,000, the Ambani has earned 164 crores every day.
Which is better Jio or Airtel?
Now, unlimited voice calling and 100 SMS per day is offered by all the companies, so the main issue comes down to how much data you need. Since Airtel gives you 5GB of data more than Jio and Vodafone, and if you need at least 1GB of data per day, the Airtel plan is better for you.
Is Airtel going in loss?
Airtel’s revenue rose 18.8 per cent year-on-year (YoY) to Rs 1,00,616 crore during FY21. Bharti Airtel on Monday reported narrowing of its consolidated net loss to Rs 15,084 crore during financial year 2020-21 from Rs 32,183 crore in FY20.