Who all have invested in Jio?
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 …
Who invested in Jio Mart?
American PE firm KKR acquired a 2.32% stake in Jio Platforms for ₹113.67 billion (US$1.6 billion). In June 2020, Emirati sovereign fund Mubadala confirmed that it would acquire a 1.85% stake in the company for ₹90.936 billion (US$1.3 billion).
Who is funding Jio?
Last year, Mukesh Ambani-led Reliance Industries (RIL) raised $20 billion for its digital services arm, Jio Platforms, in the months during the nation-wide lockdown. Its retail business, Reliance Retail Ventures Limited, then went on to raise a staggering $6 billion in growth capital.
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.
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.
What makes Jio different?
Since Jio doesn’t run a separate network for voice like others (so… no additional cost) and voice calls generate very few packets to be transferred unlike an HD video or song (so… very low network usage), they can essentially offer voice calls for free.
How did RIL and Jio raised?
Reliance Industries (RIL) had announced the largest and fastest fund-raise in the industry between April 22 and July 15. A sum of Rs 1.5 lakh crore was raised through a stake sale of about 33 per cent in its subsidiary, Jio Platforms, to 13 marque foreign investors.
Is Jio making any profit?
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.
Who is Mukesh Ambani brother?
Is Jio under loss?
The company lost 0.2 million active subscribers and its market share of active user base declined to 26.1%. As of February, Bharti has the highest number of active subscribers at 340 million, followed by Jio at 324 million and Vodafone Idea at 256 million.
What is the full form of Jio?
JIO: Joint Implementation Opportunities. Spread the love. JIO full form or meaning is Joint Implementation Opportunities.
How Jio was funded?
That company, Jio Platforms, is a four-year-old mobile phone company controlled by India’s richest man, Mukesh Ambani. … For good measure, Reliance, which funded Jio from its own balance sheet, raised nearly $7 billion more in a rights offering.
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