One of the biggest technology investors in the world Silver Lake will invest Rs 5,655.75 crore into Reliance Jio Platforms. The news has been confirmed by Reliance Jio.
This investment puts Reliance Platforms at an equity worth of Rs 4.90 lakh crore and an enterprise worth of Rs 5.15 lakh crore, and signifies a 12.5% premium to the equity estimate of the Facebook investment declared on April 22, 2020.
The tech giant Facebook had obtained a 9.99% stake in Reliance Jio company for Rs 43,574 crore at an enterprise worth of Rs 4.62 lakh crore.
Strategic and business investors are to make 20% of the Reliance Jio Platform, half of which was selected by Facebook. The organization Silver Lake is one of the investors and numerous investments are likely to take place.
Reliance Jio, a full subsidiary of RIL, is a next-generation tech organization developing a digital community for India by drawing together Jio’s leading digital apps, digital environment, and the country’s number one high-speed connectivity platform under one umbrella.
The organization Reliance Jio Infocomm Ltd, which presents a connectivity platform to more than 388 million subscribers, will remain a wholly-owned subsidiary of Reliance Jio Platforms.
With nearly US$ 40 billion in consolidated assets under administration and committed capital and a unique focus on the world’s renowned tech and tech-enabled companies, Silver Lake is the world leader in great technology investing.
Looking at the severe economic disturbances caused by the Coronavirus pandemic, globally and particularly within India, this partnership with one of the most notable tech-investors globally, has extraordinary significance.