Silver Lake stake in Jio Platforms

Reliance Industries on Monday sealed another deal under which Silver Lake Partners of the US will pick up a stake in Jio Platforms, the group’s digital services arm, for Rs 5,655.75 crore.

The fresh investment in Jio Platforms comes less than a fortnight after Mark Zuckerberg-founded Facebook said it would invest $5.7 billion, or Rs 43,574 crore, for a 9.9 per cent stake in Jio Platforms.

Silver Lake is the global leader in technology investing, with approximately $40 billion in combined assets under management and committed capital and a team of approximately 100 investment and operating professionals located around the world.