Home » Business » Reliance raises over Rs 1,68,818 Crore in just 58 days
Reliance Industries Ltd (RIL)
Reliance Industries Ltd (RIL)

Reliance raises over Rs 1,68,818 Crore in just 58 days

Mumbai:19/6/20: The combined capital raised has no precedence globally in such a short time. Both of these are also unprecedented in Indian corporate history and have set new benchmarks. This is even more remarkable that this was achieved amidst a global lockdown caused by the COVID-19 pandemic.

Along with the stake sale to BP in the petro-retail JV, the total fundraising is in excess of ₹ 1.75 lakh crore.

Our net-debt was ₹ 161,035 crore, as on March 31. With these investments, RIL has become NET DEBT-FREE.

Jio Platforms has raised ₹ 115,693.95 crores from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020. PIF’s investment marks the end of Jio Platforms’ current phase of induction of financial partners.

S No Investor In Jio Platforms Limited Date of Investment Investment Amount      (₹ Crore) % Stake
1  Facebook, Inc. 22nd April 2020 43,573.62 9.99%
2  Silver Lake Partners 4th May 2020 5,655.75 1.15%
3  Vista Equity Partners 8th May 2020 11,367.00 2.32%
4  General Atlantic 17th May 2020 6,598.38 1.34%
5  KKR 22nd May 2020 11,367.00 2.32%
6  Mubadala 5th June 2020 9,093.60 1.85%
7 Silver Lake Partners – Additional Investment 5th June 2020 4,546.80 0.93%
8 Abu Dhabi Investment Authority 7th June 2020 5,683.50 1.16%
9 TPG 13th June 2020 4,546.80 0.93%
10 L Catterton 13th June 2020 1,894.50 0.39%
11 PIF 18th June 2020 11,367.00 2.32%
Total   ₹ 115,693.95 24.70%
 
RIL RIGHTS ISSUE 20th May to 3rd June 2020 ₹ 53,124.20  
GRAND   TOTAL OF INVESTMENTS RAISED IN JUST 58 DAYS   ₹168,818.15  

The RIL Rights Issue, which was subscribed 1.59 times, was not only the largest ever in India, but also the largest in the world by a non-financial entity in the last ten years.

On August 12, 2019, at the 42nd AGM of Reliance Industries Limited, our Chairman Mukesh Ambani had assured the shareholders about his roadmap for Reliance becoming a net-debt free company before March 31, 2021, and said:

 

 

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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