Friday, May 8, 2020
Reliance Industries announced yet another investment in Jio Platforms from global investment firm Vista Equity Partners, which will pump in Rs 11,367 crore for a 2.32 percent equity stake on a fully diluted basis. The transaction valued Jio Platforms at Rs 4.91 lakh crore and pegged the enterprise value of Rs 5.16 lakh crore.
The investment made Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. With this, Jio Platforms has raised Rs 60,596.37 crore from leading technology investors in less than three weeks.
Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represents the fifth largest enterprise software company in the world.
The transaction is subject to regulatory and other customary approvals.
