Private Equity firm Silver Lake will invest 750 million dollars in Reliance Jio Platforms!
Just two weeks after Facebook invested 5.7 billion dollars in Jio which stands for the company’s 10% stake, Jio is ready to sign another deal.
In a press release issued by the Reliance Industries, they have specified that this investment values Jio Platforms at an equity value of Rs 4.90 lakh crore. The enterprise value will be of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment.
Super thrilled with this deal with Silver Lake, the Chairperson and Managing Director of Reliance Industries, Mukesh Ambani stated that Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Also, the private equity firm is one of the most respected voices in technology and finance.
A great news for taking ahead Digital India, getting insights from Silver Lake’s global technology relationships and investments with companies like Airbnb, Alibaba, Dell Technologies and Twitter, will have special significance for Indian Digital Society’s transformation.
Silver Lake to invest Rs. 5655.75 Crore in Jio Platforms at an Equity Value of Rs. 4.90 Lakh Crore. Reaffirmation of the Technology Prowess of Jio Platforms by one of the largest Tech investors Globally.#MukeshAmbani #SilverLake #Reliance#Jio #DigitalIndia #JioDigitalLife pic.twitter.com/DNw3q5PO3O
— Reliance Jio (@reliancejio) May 4, 2020
