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


Published On: Monday, May 4, 2020 | By:

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

Silver Lake, a US private equity firm, will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake at an equity value of Rs 4.90 lakh crore, a deal which came within 15 days after Facebook announced a $5.7 billion investment into the unit of Reliance Industries. Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation,” Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said in a statement. The transaction is subject to regulatory and other customary approvals

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