LiveMint | 18/06/2020 10:48 AM | Click to read full article
It appears there is a never-ending queue of investors lining up to buy shares of Jio Platforms Ltd. It all started with Facebook Inc. making a strategic investment of $5.7 billion for a 9.99%-stake in the firm. The company has ended up selling an additional 12.4% stake already to global investors, and has raised $8 billion more.
So, what is driving investors by the droves to Jio Platforms? To start with, Jio ticks a number of boxes - proven execution, a nearly debt-free capital structure and being on the right side of regulation. Investments by technology investors should help in positioning Jio as a tech major rather than just a telco.