RELIANCE AGM MEET 2020 | GOOGLE-FACEBOOK-JIO PARTNERSHIP | 5G LAUNCH IN INDIA - EDUMYRA
Mukesh Ambani Led Reliance Jio concluded their 43rd Annual General Meeting via video conferencing. Many investors and market specialists eyed on Mr. Ambani’s future plans. Major highlights were on 5g launch in India, Here are all the highlights of the event. From the past month, Jio has attracted several big investors, Reliance Jio platforms have sold around 32.94% stake to 13 different investors to get rid of the debt of the company by March 2021. List of investments in JIO platforms: S. no. Investor Stake in % Investment in $Million 1 Facebook 9.9 5700 2 Silver Lake 2.1 1338 3 Vista 2.3 1500 4 General Atlantic 1.3 873 5 KKR 2.3 1500 6 Mubadala 1.85 1200 7 Abu Dhabi Investment Authority 1.16 750 8 TPG 0.93 600 9 L. Catterton 0.39 250 10 Public Investment Fund of Saudi Arabia 2.3 1500 11 Qualcomm 0.15 97 12 Google 7.73 4500 Market Capitalization: Due to the high number of investments in the Jio Platforms, Jio experienced a great spike in the market...