Hat-trick for JIO Platforms : Vista to Invest Rs 11,367 crore

Vista will invest Rs 11,367 crore into JIO platforms at an equity value of Rs 4.91 Lakh Crore It translate into 2.32 % Equity Share in JIO Platforms JIO Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than 3 weeks.

Vista - Jio

HIGHLIGHTS :

Vista will invest Rs 11,367 crore into JIO platforms at an equity value of Rs 4.91 Lakh Crore

It translate into 2.32 % Equity Share in JIO Platforms

JIO Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than 3 weeks.

In a Media Release, JIO Platform Limited announced today that Vista will invest Rs 11,367 crore into JIO Platforms. This investment will translate into 2.32% equity share in JIO Platforms on a fully diluted basis. It makes Vista the largest investor in JIO Platforms behind Reliance Industries and Facebook. JIO Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.

Facebook invested Rs 43,574 crore in JIO Platforms for 9.99% stake .

Silver Lake invested Rs 5,655 crore in JIO Platforms for 1.15% stake.

Now, Vista to invest Rs 11,300 crore in JIO Platforms for 2.32% stake.

About Vista :

Vista Equity Partner ( Vista ) is an American private equity and venture capital firm. It was founded in 2000 by Robert F Smith and Brian Sheth. Its headquarter is in Austin, Texas, US.

Vista

website: vistaequitypartners.com

About JIO :

JIO is an Indian telecommunication company, subsidiary of Reliance Industries. Its headquarter is in Mumbai, Maharashtra, India. JIO became publicly available on 5 September, 2016. As of 31 December, 2019 JIO is the largest mobile network operator in India and it is the third largest mobile network in the world with over 387.5 million subscribers.

www.jio.com

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Business World8 May 2020 at 12:25
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