₹43,573.62 crore to secure 9.99 per cent stake. This was closely followed by a further ₹60,753.33 crore in investment spread across eight different private equity investors.All together Reliance Industries has monetised 22.38 per cent of Jio Platforms and raised ₹1.04 lakh crore in the process."While we expect strategic cooperation between Facebook and other parts of the Reliance Group, we believe most of the other investments are passive.
Reliance gets access to much needed capital to assist in paying down debt, and these investors get early access to the leading telco platform in India," it said.Bernstein expects an initial public offer (IPO) of Jio sometime over the next few years as its market share approaches 50 per cent. "By then.