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Silver Lake checks into Jio Platforms, snaps up 1.15% for over Rs 5,600 cr

Investment will help RIL pare debt, improve valuation

Topics
Reliance Industries RIL | Reliance Jio | Mukesh Ambani

Aneesh Phadnis & Ram Prasad Sahu  |  Mumbai 



jio, reliance, ril
While the deal is smaller than the one with Facebook for 9.99 per cent stake, it comes at a 12.5 per cent premium

Platforms (Jio Platforms), a subsidiary of Reliance Industries (RIL), is selling 1.15 per cent stake to private equity (PE) firm Silver Lake for Rs 5,655.75 crore.

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First Published: Mon, May 04 2020. 20:34 IST

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