Silver Lake to invest ₹ 5,655.75 crore in Reliance Jio

Silver Lake and Jio

Silver Lake to invest ₹ 5,655.75 crore in Reliance Jio

US private equity firm, Silver Lake will invest ₹ 5,655.75 crore in JIO platforms for a 1.15% stake at an equity value of ₹ 4.50 lakh crore.

Jio platforms is wholly-owned subsidiary of Reliance Industries Ltd, focused on next generation technologies. It provides connectivity platforms to about 388 million subscribers.

Less than 2 weeks before, Facebook said it would acquire 9.9% stake in JIO platforms for ₹ 43,574 crore.

Fb and Jio

About Silver Lake :

Founded in 1999, Silver Lake is a pioneer in technology investing. Today Silver Lake's portfolio of investment collectively generates more than 204 billion dollars of revenue annually and employs more than 356,000 people globally.

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