How much has Reliance Industries raised by selling equity stake in Jio Platforms as of September 2020?
₹1.65 lakh crore
₹1.5 lakh crore
₹2 lakh crore
₹1.75 lakh crore
Answer
As of September 2020, Reliance Industries has raised ₹1.65 lakh crore (US$21 billion) by selling nearly 33% equity stake in Jio Platforms. This has been one of the largest continuous fundraising exercises by a company anywhere in the world.
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