offpagemkt
Jio-Platforms
During the week, Reliance sold the fifth tranche stake in Jio Platforms to KKR for a consideration of Rs.11,367 crore. The 2.32% stake was sold at valuations similar to Silver Lakes. Where does that leave RIL in its zero debt plans?
Monetizing Jio Platforms
With the big digital shift, RIL managed to monetize its Jio Platforms property quite easily. After selling a 9.99% stake to Facebook, RIL followed it up with stake sale to Silver Lakes, Vista Equity, General Atlantic and KKR. Overall, RIL has managed to monetize 17.2% stake in Jio Platforms for Rs.78,500 crore which gives an overall valuation of $63 billion to Jio Platforms. That is proving to be the real value generator for RIL even as the core refining and petchem business have shown weakness.
Jio-Platforms
During the week, Reliance sold the fifth tranche stake in Jio Platforms to KKR for a consideration of Rs.11,367 crore. The 2.32% stake was sold at valuations similar to Silver Lakes. Where does that leave RIL in its zero debt plans?
Monetizing Jio Platforms
With the big digital shift, RIL managed to monetize its Jio Platforms property quite easily. After selling a 9.99% stake to Facebook, RIL followed it up with stake sale to Silver Lakes, Vista Equity, General Atlantic and KKR. Overall, RIL has managed to monetize 17.2% stake in Jio Platforms for Rs.78,500 crore which gives an overall valuation of $63 billion to Jio Platforms. That is proving to be the real value generator for RIL even as the core refining and petchem business have shown weakness.