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After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms

The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio Platforms

Topics
Reliance Industries | Reliance Jio | RJio

BS Web Team  |  New Delhi 



After Facebook, Silver Lake to invest Rs 5656 cr in Reliance Jio Platforms
The investment by Silver Lake values Jio Platforms at an equity value of Rs 4.90 lakh crore

American private equity firm Silver Lake has invested Rs 5,655.75 crore in Mukesh Ambani-owned Reliance Industries’ Jio Platforms. The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio. The investment by Silver Lake values Jio Platforms at an equity value of Rs 4.9 trillion and an enterprise value of Rs 5.15 trillion, and represents a 12.5% premium on the equity valuation of the Facebook investment announced on April 22, 2020 – said in a statement.

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First Published: Mon, May 04 2020. 09:18 IST

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