new Delhi. US-based private equity firm Vista Equity Partners has bought a 2.32 per cent stake in Reliance Industries Limited (RIL) digital platform Jio Platform. The deal has been done for Rs 11,367 crore. The investment has been made at the equity value of Jio platforms at Rs 4.91 lakh crore and enterprise value at Rs 5.16 lakh crore. This information is given in an official statement. Vista has now become the second major company to buy a stake in Reliance Jio.
The transformational power of technology is the key to a better future: Mukesh Ambani
The chairman of Reliance Industries Limited said that I am happy to welcome Vista as an important partner. It is one of the largest specialized tech investors around the world. Like our other partners Vista also shares the same vision with us. Which is the vision to develop and transform the Indian digital eco system for the benefit of all Indians. Mukesh says that the transformative power of technology is the key to a better future for all.
Vista is the world's fifth largest enterprises software company
Vista Equity Partners has an estimated capital commitments of over $ 57 billion. Its global network makes it the fifth largest enterprises software company in the world. Currently, Vista's portfolio company is doing business in India employing over 13,000 employees.
Sold 13.46% stake in less than 10 days
Mukesh Ambani wants to make RIL a debt-free company. Under this, the stake of Reliance Jio is being sold. Mukesh Ambani has sold 13.46 per cent stake in Reliance Jio in less than 10 days. The sale was first announced with Facebook on 30 April. Reliance Industries has received Rs 60,597 crore from stake sale so far. Let us tell you that Reliance Jio is a subsidiary of Reliance Industries.
Last month, Facebook invested Rs 43,574 crore.
Last month, the legendary social media company Facebook invested Rs 43,574 crore in the Jio platform. Following this investment, Facebook has a 9.99% stake in the Jio platform. The investment was announced by Reliance Industries and Facebook on 22 April. This was the largest foreign investment ever in India.
Silver Lake invested Rs 5656 crore
American private equity investment company Silver Lake has invested Rs 5656 crore in Reliance Jio. After this investment, Silver Lake will have a 1.15% stake in Jio. The investment was announced by Reliance Industries on 4 May. The investment was made on the equity value of the Jio platform at Rs 4.90 lakh crore and enterprise value at Rs 5.15 lakh crore. Silver Lake invests in tech companies around the world. These include AirBnB, Alibaba, Ant Financial, Alphabet's Varilee & Wymo Units, Dell Technology and Twitter.
Target to raise more than 1 lakh crore in first quarter
Reliance Industries has set a target of raising more than Rs 1 lakh crore in the first quarter (April-June) of the current financial year. This includes investments from Facebook, Saudi Aramco and BP. Now Silver Lake's investment is also included. Apart from this, Reliance has also recently announced a rights issue of Rs 53,125 crore.
China supported India: Wheat prices increased due to the ban on exports, a sharp jump in wheat prices in the international market
After India's ban on wheat exports, the G7 countries started criticizing India amid a jump in wheat prices across the world on Monday. This decision of India has deepened the crisis in America,
CLAT Registration 2023: Today is the last day for CLAT application, see exam date here
CLAT 2023: The Consortium of National Law Universities has extended the registration deadline for the Common Law Admission Test (CLAT 2023) exam. Earlier this deadline was to end on November 13, which
Paris Olympics 2024: The great sports event will begin today, India would like to reach a number of medals in double digits
The great sports event Paris Olympics 2024 will begin today. 117 players from India are participating in this global tournament and are ready to give their best performance. India did its best in the
Lok Sabha Election Result 2024: Will Chandrababu Naidu and Nitish Kumar change sides or not? Party leaders made it clear
With the results of the Lok Sabha elections, amid the efforts of the opposition alliance to woo the two major NDA allies Janata Dal-United (JDU) and Telugu Desam Party (TDP), both the parties have
A political battle in Sri Lanka: Opposition leader Premadasa withdraws from presidential candidacy, announces support for Dullas Alhapparuma
Elections for the post of President are to be held in Sri Lanka on July 20. Earlier, the leader of the opposition party Samagi Jan Balvegaya (SJB) Sajith Premadasa announced that he would withdraw
Haldwani Violence: Words of a terrible day written on roads, walls, and vehicles... even after a week the situation is like this, pictures
Eight days ago... this was the same area. No one knew that after some time something unimaginable was going to happen. The teams get ready and reach Malik's garden and first there is stone pelting and
India Ban Export: Ban on the export of maida and flour from July 12, food crisis aggravated by Russia-Ukraine conflict
The Indian government has now banned the export of many things including flour and maida. It was approved on Thursday. The Directorate General of Foreign Trade (DGFT) said in a notification on July 6
PM Cares Fund: Use of PM Modi's name, photo, tricolor, national emblem appropriate, Center's reply to Bombay High Court
The issue of PM Cares Fund has cropped up once again. This time a petition has been filed in this matter in the Bombay High Court. However, in response to the notice issued by the High Court, the PMO
Good news: India's direct tax collection breaks records, reaches a high of Rs 14 lakh crore
There is good news for the Indian economy. This time India's net direct tax collection has broken all the previous records. Giving information, the CBDT chief said that in the financial year 2021-22,
Bigg Boss OTT 2: Jia Shankar upset after seeing the bonding of Manisha Rani and her father, the actress cried remembering the family
Bigg Boss OTT Season 2 is gaining immense popularity among viewers. Seeing the demand for the show, the makers extended it by two weeks. Apart from this, social media influencers like Abhishek Malhan
