Why different investors FB KKR Google and others paid different prices for their investment in RIL Jio platform?

Both the deals had a different equity valuation for Jio than the other financial investors who also paid a 12.5\% premium….Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake ⁠— here’s why.

Company	KKR
Investment in Jio	₹11,367 crore
Stake in Jio	2.32\%
Equity value	₹4.91 lakh crore

Why did Google invest in Reliance?

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.

Did Mark Zuckerberg invested in Jio?

In April 2020, Facebook purchased a 9.9 percent stake in RIL’s telecom unit Jio for $5.7 billion (Rs 43,574 crore). Zuckerberg and Ambani were speaking at the Facebook Fuel for India 2020 event.

How many TV channels Ambani own?

It is parent company of 46 mass media channels in 8 languages which include the franchises of Colors, MTV, Nickelodeon, VH1 and Comedy Central.

What has Ambani invested?

Mukesh Ambani, Bill Gates & others to invest $144 mn in US-based Ambri Inc. Mumbai: Mukesh Ambani’s Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries will invest $50 million in Ambri Inc, a renewable energy storage company in the United States.

How much did Google invest in Reliance Jio?

Alphabet Inc’s Google has paid ₹33,737 crore to Reliance Industries Ltd’s (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook to have infused capital in the Mukesh Ambani-led company. With this transaction, Google now holds 7.73\% stake in Jio Platforms.

Did Google invested in reliance?

Alphabet Inc’s Google paid Rs 33,737 crore to Reliance Industries’ Jio Platforms, as its biggest-ever investment in an Indian company. The investment is aimed to develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store.

Did Ambani buy Facebook?

Facebook, on Wednesday, announced a Rs 43,574 crore ($5.7 billion) investment in Mukesh Ambani-led Jio Platforms Limited. With the investment, Facebook will hold a 9.99 per cent stake in Jio Platforms and will be the largest minority shareholder.

What is Facebook’s investment in RIL all about?

Facebook will invest Rs 43,574 crore, largest FDI in India’s technology sector. Ltd (RIL), for a 9.99\% stake, an allcash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.

How much did Facebook invest in Jio platforms?

“Reliance Industries Limited, Jio Platforms Limited and Facebook, Inc. today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms,” RIL said.

What does Facebook’s deal with India mean for small businesses?

In a blog post, Facebook CEO Mark Zuckerberg said the deal underscores the company’s commitment to India. “This is especially important right now, because small businesses are the core of every economy and they need our support,” Zuckerberg said. “India has more than 60 million small businesses and millions of people rely on them for jobs.”

How much stake does Reliance Industries own in Reliance Jio?

While promoters including Jitendra, Shoba Kapoor, Ekta Kapoor and Tushar Kapoor together own 34.34\% of the company, Reliance Industries held 24.92\% stake as of June 30, 2021. Though foreign institutional investors owned 18.43\% stake in the company, none of them voted during the process.