After Facebook in Reliance Industries’ Jio Platforms, now the American equity company Silver Lake has decided to invest Rs 5,655.75 crore. The company has put the price of shares of Jio Platforms at 12.5% higher than Facebook.
- US equity firm Silver Lake will take part in Jio
- Silver Lake signed a deal with Reliance Industries
- Company gave more shares price than Facebook
Despite the economic crisis from Corona, there is continuous good news for Reliance Group. After Facebook in Reliance Industries’ Jio Platforms, now the American equity company Silver Lake has decided to invest Rs 5,655.75 crore. The company has put the price of shares of Jio Platforms at 12.5% higher than Facebook.
What did reliance say
Reliance Industries said in a statement, “Silver Lake, one of the most reputed tech investors in the world, holds special significance in view of the severe economic problems caused by the Kovid-19 epidemic in the world and especially India.
It is to be noted that Jio Platforms is a wholly owned subsidiary of Reliance Industries Limited. Similarly, Reliance Jio Infocomm Limited, which has about 38.8 crore subscribers, is a wholly owned subsidiary of this Jio platform.
Veteran investor investment
Silver Lake of America has capital of about $ 40 billion in terms of large-scale technology investment. It has also invested in giants such as AirBNB, Alibaba, Ant Financial, Dell Technology, Twitter.
Facebook made a deal
It is worth noting that before this, on April 22, there was a big deal in the world’s largest social networking site Facebook and India’s Reliance Jio. Under this deal, Facebook has announced an investment of more than 43 thousand crores in Reliance Jio Platforms. After the deal, Facebook’s stake in Reliance Jio will be around 10 percent. With this, Facebook will also become the largest shareholder in Reliance Jio.
9.99 percent stake has been bought in Reliance Jio. For this, Facebook is investing 5.7 billion dollars i.e. 43, 574 crore rupees.
