Jio Platforms gets ₹5,655 crore investment from PE giant Silver Lake

NEW DELHI : Days after announcing a ₹43,574 crore deal with Facebook, Reliance Industries today announced that private equity firm Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms for 1.15% stake. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore.

The Silver Lake deal represents a 12.5% premium to the equity valuation of the Facebook investment into Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd (RIL).

Silver Lake’s other investments have included Airbnb, Alibaba, Ant Financial, Alphabet’s Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders.