Silver Lake, co-investors to put additional Rs 4,546.80 cr in Jio Platforms

Reliance Industries Limited and Jio Platforms Limited announced on Friday that Silver Lake and its co-investors would put Rs 4,546.80 crore more in Jio Platforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4. This brings the aggregate investment by Silver Lake and co-investors to Ts 10,202.55 crore. Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. The investment would translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised a total of Rs 92,202.15 crore from leading technology investors in less than six weeks.