Business Insider : Jul 11, 2020, 05:39 PM
Mumbai: Mukesh Ambani’s Reliance Industries hs closed deals with four other investors after Facebook securing a total of ₹30,062 crore.In a regulatory filing with the Securities and Exchange Board of India (SEBI), Reliance disclosed that it has closed the sale of Jio Platforms to L Catterton, The Public Investment Fund, Silver Lake and General Atlantic.In total, Ambani has now sold a total of 25.09% stake in Jio to 11 foreign investors amounting to a total of ₹1,17,588.45 crore.Earlier this week, Reliance announced the finalisation of its sale to Facebook — through Jaadhu Holdings, a wholly-owned subsidiary of Facebook — after receiving the green light from the Competition Commission of India (CCI) for ₹43,574 crore."Jio Platforms Ltd has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99 per cent of the fully diluted equity share capital of Jio Platforms Ltd," the company had said on July 7.However, Mukesh Ambani may not be done just yet. Yesterday, Business Insider reported that Jio Fiber may get over $1 billion as Abu Dhabi and Saudi sovereign funds are set to invest in Reliance InvIT.