After Facebook invested over Rs43,000 crore last month, Reliance Industries Ltd (RIL) on Monday announced that US private equity firm Silver Lake will invest Rs5,655 crore (nearly $750 million) for 1.15% stake into Jio platforms. RIL subsidiary Jio Platforms is the holding company of Reliance Jio Infocomm Ltd, which provides connectivity platform to over 388 million subscribers across India.
This investment values Jio platforms at an equity value of Rs4.90 lakh crore and an enterprise value of Rs5.15 lakh crore, representing a 12.5% premium to the equity valuation of the Facebook investment announced on 22nd April.
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"I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians," said Mukesh Ambani, chairman and managing director of RIL.
After Facebook invested over Rs43,000 crore last month, Reliance Industries Ltd (RIL) on Monday announced that US private equity firm Silver Lake will invest Rs5,655 crore (nearly $750 million) for 1.15% stake into Jio platforms. RIL subsidiary Jio Platforms is the holding company of Reliance Jio Infocomm Ltd, which provides connectivity platform to over 388 million subscribers across India.
This investment values Jio platforms at an equity value of Rs4.90 lakh crore and an enterprise value of Rs5.15 lakh crore, representing a 12.5% premium to the equity valuation of the Facebook investment announced on 22nd April.
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"I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians," said Mukesh Ambani, chairman and managing director of RIL.
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