बिजनेसमैन ने ₹10 पर खरीदे थे Jio शेयर, 48 करोड़ का दांव बना 5800Cr! – Mahendra Nahata Businessman who invest 48 crore in Jio platforms now valued 5800Cr tutc
Stock market is considered a risky business, but it is difficult to predict which stock will do wonders and make its investors rich. One of these is the shares of Mukesh Ambani’s company Jio Platforms, which is showering money on its investors even before getting listed in the stock market.
Businessman Mahendra Nahta is a great example of this, who helped Reliance enter the telecom sector 16 years ago and is now ready to earn huge profits. He had bought stake in the company at a price of just Rs 10 per share, which has increased more than 100 times.
48 crores have been invested so much
Telecom sector veteran businessman and HDFC promoter Mahendra Nahata is ready to earn 100 times profit from Jio IPO. Actually, they have live He had bought 0.54 percent stake in the platforms, which he bought in the year 2020. For this, Nahta had invested Rs 48 crore.
According to the estimates of brokerage firm Motilal Oswal, now the valuation of Jio Platforms is being estimated at around 114 billion dollars and according to this valuation, the value of Mahendra Nahta’s stake can reach around Rs 5,800 crore. Accordingly, his investment has increased 100 times.
Great example of long term benefits
Jio Platforms shares are also a great example of the fact that smart long-term investments can yield huge profits. Let us tell you here that Nahata family had bought Jio shares in 2020 at just Rs 10 per stock. After purchasing some more shares, he had 0.54% stake. This investment was made by him from the initial phase of Reliance’s entry into the telecom sector, when the company had acquired telecom spectrum for the whole of India.
In the month of July 2020, when Jio Platforms raised money from global investors, Nahta family was allotted convertible debentures worth $ 44 lakh i.e. about Rs 37 crore. Later, Reliance also allotted additional shares to the Nahta family, increasing their stake to 0.536 percent.
Jio IPO is coming
Mukesh Ambani The company Jio Platforms is now preparing to launch an IPO to get listed in the stock market. Meanwhile, the potential valuation of the company is indicating huge profits for investors. Recently, in the 49th AGM of Reliance, Chairman Mukesh Ambani had shared a big update related to the IPO.
According to the report, Jio Platforms IPO Through this, it can issue about 27 crore fresh shares with face value of Rs 10. With this, Reliance Industries can reduce its stake from 66.43 percent to about 64.5 percent. However, the final size and share price band of Jio IPO has not been decided yet. Mukesh Ambani had said in his address, ‘I assure you and all the new investors that the future of Jio will be better.’
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
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