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 Reliance Industries in a statement.
“I am delighted to welcome Silver Lake as a valued partner
First Published: May 04 2020 | 9:18 AM IST