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Silver lake to invest in Reliance’s Jio platforms
May 04, 2020
Silver Lake will invest in Reliance’s Jio platforms a sum of ₹5,655 crores. The investment by Silver Lake represents a 12.5% top rate to the equity valuation of the Facebook funding announced on April 22, 2020.
The firm introduced that the investments are subject to regulatory and usual approvals. After the approvals, the Reliance Jio Infocomm Limited will carry on to be a completely-owned subsidiary of Jio Platforms.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said, “We are happy to partner with Silver Lake and we will continue to grow and transform the digital ecosystem of India to benefit all Indians”.
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