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SoftBank may invest in Reliance Jio

By Rajiv MenonJapan
1 min read
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In this article (5)

Japan’s SoftBank is reportedly in talks to invest up to $3 billion in fast-growing Indian operator Reliance Jio Infocomm.

SoftBank’s Vision Fund is involved in due diligence on the prospect of the purchase of a stake in Jio  that could be worth $2 billion to $3 billion, unnamed sources told.

The SoftBank Vision fund has raised $100 billion as part of plans to invest in fast-growing scalable technology companies with transformative potential. Former Deusche Bank executive Rajeev Misra has been appointed to lead the vision fund.

Neither Softbank nor Jio would comment publicly for the report, so the potential for a deal remains unconfirmed for now.

Questions & Answers

Q.

What is the potential value of SoftBank's investment in Reliance Jio?

A.

SoftBank is reportedly considering an investment of up to $3 billion in Reliance Jio. The stake being considered by the SoftBank Vision Fund could be worth between $2 billion and $3 billion.

Q.

Which specific SoftBank entity is involved in the potential investment?

A.

SoftBank's Vision Fund is the entity reportedly conducting due diligence on the prospect of purchasing a stake in Jio. This fund was established to invest in fast-growing scalable technology companies.

Q.

Who is responsible for leading the SoftBank Vision Fund?

A.

Rajeev Misra, a former Deutsche Bank executive, has been appointed to lead the SoftBank Vision Fund. The fund has already raised $100 billion for its investment plans.

Q.

Have either SoftBank or Jio confirmed the investment talks?

A.

Neither SoftBank nor Jio have publicly commented on the reports regarding the potential investment. Therefore, the possibility of a deal remains unconfirmed at this time.

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