Vista’s investment is at a 12.5 per cent premium over the Facebook deal announced in April.
After Facebook and Silver Lake, US-based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake, making it the third high profile investment in Reliance Industries Limited (RIL) unit.
Vista’s investment is at a 12.5 per cent premium over the Facebook deal announced in April.
“This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore,” a statement from RIL read.
Vista is a leading global investment firm focussed on empowering and growing enterprise software, data and technology-enabled companies that are reinventing industries and catalysing change.
“Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone,” RIL Chairman Mukesh Ambani said in the statement.
“In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential
BUSINESS Updated: May 08, 2020 08:46 IST
