After Facebook, US-based leading global tech investor Silver Lake acquire 1.15 percent stake in India’s leading telecom arm Jio for $750 Million.
The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 percent to the Facebook deal.
The Facebook and Silverlake investment would value Reliance Jio at around $65 billion.
Reliance Jio have around 340 Million users in India,
“This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020,” Reliance said in a statement.