Jio Raises Rs 1.04 Lakh Crore In Just 8 Weeks, 22% Stake Sold So Far

by Shahnawaz Malik Jun 15, 2020 • 03:28 PM Views 906

Reliance Jio, the country's largest telecom company, has constantly been raising money from foreign investors as it moves to strengthen its business. With 10 big investments in eight weeks amid the lockdown, Jio has raised Rs 1.04 Lakh crore by giving away its 22.38% stake in the company. The latest added in the long list of equity investors is US company TPG, which bought 0.93% in Reliance Jio with an investment of Rs 4,546.80 crore. At the same time, Jio has announced to sell 0.39% stake to L Catterton for Rs 1894.50 crore.