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Jio Platforms has raised Rs 11,367 crore by selling 2.32% to Saudi Arabia's Public Investment Fund (PIF). PIF is the tenth investor picking up a stake in Jio and this is the eleventh deal in 56 days.
Jio has raised a total of ₹ 1,15,693.95 Crore over the past two months.
AZB & Partners and Davis Polk & Wardwell acted for Jio Platforms.
AZB & Partners team was led by Partners Ashwath Rau and Nilanjana Singh.
Davis Polk team was led by Partner Jeffrey O’Brien.
Shardul Amarchand Mangaldas & Co and Latham & Watkins advised PIF.
The SAM team was led by Partners Raghubir Menon, Sakshi Mehra and Natashaa Shroff.
The Latham team was led by Partners Marc Makary and Harj Rai.
Here is the table with details of all 11 deals done so far.