Reliance Jio got a huge amount of investment from Facebook last month. Rather than Facebook, it also gets investments from other investment firms like KKR, Silver Lake, and more. All together Jio sold its 17% stack to collect the investment. Now, one of the previous partners Microsoft is also interested to invest more than $2 billion.
After the investment Microsoft will get a 2.5% stack of Reliance Jio. A person aware of the deal said, “Microsoft has been in discussion with several players in the digital payments services space. With Reliance, Microsoft is interested in buying a more than a 2.5% stake in Jio Platforms,”
As you can read to the upper mentioned quote, the entire investment process in its earlier stage. Official worked are still need to be done to finalize the investment. When done, it will be the sixth investment for Jio.
Microsoft is not dealing with Jio for the first time. Both are already partnered earlier. The data of Jio is already hosted on Microsoft Azure. Besides, they promised to the small-and-medium-scale businesses of our country to offer free Jio connectivity, Azure, and Microsoft 365 service.
There is also a rumor about Reliance Jio. It says Jio is in conversation with Saudi Arabia’s sovereign wealth fund focusing on a minority stack sale. Once all the deals will finalize, the Indian telecom giant will able to collect around $12.5 billion. And this may help the company to reduce its debt.
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