Jio is Getting More Investments from America

Amidst lockdown India's richest man and his son, Mukesh Ambani and Akash Ambani is busy with their video conferences as they are drawing investment from overseas one after another. 

On April 21, 2020 Facebook announced Rs 43,574 crore investment into Jio Platforms, and in two weeks Jio got two more investments from America. 

California based Global investor SilverLake acquired 1.15% share in Jio Platforms (JPL) for Rs 5,655.75 crore as announced on May 4, 2020: . This deal translates into Jio Platforms' valuation of Rs 4,91,804.35 crore. (Announcement from Jio - pdf)

Jio has telecom, Facebook rules over social networking, and Silver Lake brings know-how of e-commerce. PE firm has investments in Jack Ma's Alibaba and Alipay (now ANT Financial), Airbnb, Blackhawk network, Cegid, Credit Karma and Fanatics - all centered around e-commerce.

On May 8 2020, Reliance Industries informed that Austin, Texas based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms, that translates into 2.32% stake in Jio Platforms. The deal also values Jio Platforms similar to Silver Lake's investment. Morgan Stanley acted as financial advisor to Reliance Industries and AZB ＆ Partners and Davis Polk & Wardwell acted as legal counsels.

Jio Platforms has now raised ₹60,596.37 crore from leading technology investors in less than three weeks. That tells that Ambani in his tracks to make Jio debt free by 2021. 

In February 2020, US President D. Trump came to India, and in an interaction with industrialists RIL chairman Mukesh Ambani told that Jio is the only operator in the world, which do not use a single Chinese component. Trump is found happy, "That's good. Good. Put a bid in." as US is trying India and other allies to boycott Huawei, the telecom equipment major of China. It seems American companies are finding Jio is safe by politically too.