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Jio IPO Bonanza: How global investors’ stakes have grown since 2020
Summary by Times of India
3 Articles
3 Articles
Jio IPO Bonanza: How global investors’ stakes have grown since 2020
Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.
·India
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Meta and Google will benefit greatly from the IPO of Jio Platforms. Against an investment of ₹77,310 crore in 2020, the IPO could now be valued at ₹1.77 lakh crore at the upper price, which indicates a paper profit of ₹99,841 crore.
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Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
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100% Right
R 100%
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