Can we invest in Jio?
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Can we invest in Jio?
Currently, Jio Platforms isn’t listed on any stock exchange. If you want to invest in Jio Platforms, you’d have to invest in Reliance Industries stock. Reliance’s chairman and managing director Mukesh Ambani said that Reliance plans to take Jio public in the future.
Will Jio go public?
Chairman Shri Mukesh Ambani said: “We have a very clear roadmap to becoming a zero net debt company within the next 18 months that is by 31 March 2021….Debt-free Jio preparing to go public by 2024.
| Investor | Stake | US dollar value of investment at time of confirmation |
|---|---|---|
| Vista | 2.32\% | $1.5 billion |
| General Atlantic | 1.34\% | $870 million |
| KKR (Asia division) | 2.32\% | $1.5 billion |
Who invested in Jio?
In all, Jio Platforms has raised capital from thirteen investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.
Reliance Jio Infocomm Ltd Live Stock Price , 840rjil18b Live Share Price, 952487 | BSE.
Can Jio be listed?
On 13 June, TPG Capital, an investment company, took stake in Jio platform of 0.93\% worth ₹45.468 billion (US$600 million). Catterton also made an investment of ₹18.945 billion (US$250 million) for a 0.39\% stake. In July 2020, Qualcomm confirmed that it would acquire a 0.15\% stake in the company for ₹.
Is Jio is in profit or loss?
Reliance Jio reported net profit of ₹3,651 crore for the first quarter of the current fiscal, a growth of 45 per cent compared to ₹2,519 crore in the same quarter last fiscal.
What is the price of Jio token (Jio)?
JIO Token has a current supply of 8,888,888 with 1,908,127.7126 in circulation. The last known price of JIO Token is 0.02121548 USD and is up 0.00 over the last 24 hours.
Who is the owner of Jio?
Reliance Jio Infocomm Limited also called as Jio is an Indian mobile network operator based in India. Owned by Reliance Industries (Company of Shri Mukesh Ambani ). The company has its Head Office in Navi Mumbai, Maharashtra.
Should I buy Reliance Jio shares or RIL shares?
Reliance has this business merged into its Parent Company (Reliance Industries). So, buy Reliance Industries Ltd shares (RIL). If in near future, Reliance decide to demerge its telecom business off the Parent company and form a separate listed entity under which Jio will be operated, then you will also get shares in that demerged company.
Can Jio reach 500 million users in next 12 months?
Jio is looking to swiftly achieve a user base of 500 million, up from 441 million as of end-June, by targeting the bulk of the 300 million 2G feature phone users currently with rivals, Vodafone Idea and Bharti Airtel, in the next 12-18 months.