The Public Investment Fund, Saudi Arabia's sovereign fund, will invest ₹11,367 crore (~US$1.5 billion) in Jio Platforms, Reliance Jio's parent holding, for a 2.32% equity stake. Reliance announced the investment on Thursday. This is Jio Platforms's third investment from the Middle East, after investments from Abu Dhabi Investment Authority and Mubadala. It is the second largest investment the company has received after Facebook's initial investment of ₹43,574 crore (US$5.7 billion) — KKR and Vista have also invested the same amount (₹11,367 crore) in Jio. Last weekend, the company crossed ₹1 trillion in investments, and has now accumulated ₹115,693.95 crore (US$15.19 billion) in investments. These are now all of Jio Platforms's investors: Investor Amount (₹) Facebook 43,574 crore (US$5.7 billion) Silver Lake (1, 2) 10,202.55 crore (US$1.34 billion) Vista 11,367 crore (US$1.5 billion) General Atlantic 6,598.38 crore (US$870 million) KKR & Co. Ltd. 11,367 crore (US$1.5 billion) Mubadala 9,093.60 crore (US$1.2 billion) Abu Dhabi Investment Authority 5,683 crore (US$747 million) TPG Capital 4,546.80 crore (US$600 million) L Catterton 1,894.50 crore (US$250 million) Public Investment Fund 11,367 crore (US$1.5 billion) In its earnings call for Q4FY20 on April 30, RIL had said that investments similar to size in Facebook were going to follow in the coming months. A key part of Jio Platforms, in addition to the Jio network, is JioMart, the grocery home delivery service that will be closely integrated with Facebook’s WhatsApp, which 400 million people have installed in India. Increased focus on telecom and B2C: Reliance is preparing to sell off a significant oil and…
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