In pics: Facebook to KKR, firms that have invested in Jio Platforms so far
On April 22, Mark Zuckerberg took to Facebook to announce that the technology giant will acquire a 9.99 per cent stake in Jio Platforms Ltd (JPL) through a fresh issue of shares worth Rs 43,574 crore. The deal values JPL—the holding company of Reliance Jio — at an enterprise value Rs 4.62 trillion.
Silver Lake
On May 3, the company announced its second deal with private equity (PE) firm Silver Lake for 1.15 per cent stake worth Rs 5,655.75 crore. While the deal is smaller than the one with Facebook for 9.99 per cent stake, it comes at a 12.5 per cent premium.
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