TIL Desk/Business/New Delhi/ Reliance Industries Ltd and Jio Platforms Ltd announced on Friday that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms. This is in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4, and brings the aggregate investment by Silver Lake and its co-investors to Rs 10,202.55 crore.
Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, and will translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis.
This is an unprecedented seventh investment in Jio Platforms in just six weeks. With this investment, Jio Platforms has raised Rs 92,202.15 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR and Mubadala.
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