Investors line up in Jio, Microsoft will also invest 2 billion
Mukesh Ambani used Koro's crisis to make his net debt free. Geo met within five weeks of the investors and investments of 10 billion (almost 75 thousand million) of the investment company. As per the information received now, Microsoft can also invest 2 2 billion (about Rs 15,000 crore) in Geo. The deal is currently being negotiated.
According to sources, Microsoft is exploring the possibility of investing in the digital payment services space. The company is showing interest in buying a 2.5 per cent stake in Reliance Jio. In February, Microsoft CEO Satya Nadella said he wanted to partner with Reliance Jio in the data center business. Geo wants to set up data centers across the country with Microsoft's Azure cloud service. Gionee's plan is for its own enterprise clients.
In April, Facebook bought a 9.99 percent stake in Geo for 7 5.7 billion. Silver Lake then invested 7 750 million, while Vista Equity invested 1.5 1.5 billion. On May 17, General Atlantic invested 70 870 million. On May 22, KKRA invested Rs 11,367 crore and bought a 2.32 per cent stake in Geo.
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