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.
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