New Delhi, June 18 -- PIB has invested Rs. 11,367 crores for a 2.32 % stake in Jio Platforms. With this investment, Jio Platforms has raised Rs. 115,693.95 crores from leading technology investors. These include Facebook, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF.

At Rs. 115,693.95 crores, it is the largest continuous funds raise by a company anywhere in the world. Remarkably, this was also done amidst a global lock-down, clearly signifying India's digital potential and Jio's business strategy. PIF's investment is at a similar valuation to the other recent PE investments in Jio. The equity valuation is of Rs. 4.91 Lakh crore and enterprise valuation is o...