Quick Look 10 | Unlock 1-phase 1 and Jio platforms dream run

Siddharth Mathew Cherian | Updated on June 07, 2020 Published on June 07, 2020

Hi and welcome to Quick look, I am your host, Siddharth

The first phase of ‘Unlock-1’ will be initiated from June 8.

This will include opening of shopping malls, restaurants and religious places, even as strict restrictions will be in place till June 30 in the country.

India registered its highest single-day spike of COVID-19 cases for the fifth consecutive day on Sunday.

These included 9,971 new Covid-19 infections taking the country’s tally to 2,46,628, while the death toll rose to 6,929.

Last week, Reliance Industries Ltd(RIL) sold 1.85 per cent in Jio Platforms for about ₹9,094 crore to Mubadala, Abu Dhabi’s sovereign investor.

Friday also saw  Jio Platforms raise Rs 4,546.80 crore from Silver Lake and co-investors.

The total investment by Silver Lake, including the earlier one on May 4 is Rs 10,202.55 crore for a 2.08 per cent stake.

In the past six weeks, Jio Platforms has raised a total of Rs 92,202.15(Ninety two thousand, 202.15) crore from global investors such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala. 

Is there a likely Jio platforms Initial Public Offering in the making?

How will the first phase of Unlock 1 help India's economy.

listen in to the next episode to know more.

Published on June 07, 2020