Silver Lake to invest ₹ 4,546 crore more in Jio Platforms

Marking its seventh fund raising since April 22, Jio Platforms, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has raised Rs 4,546.80 crore from Silver Lake and co-investors. The total investment by Silver Lake, including the earlier one on May 4, is Rs 10,202.55 crore for 2.08 per cent stake.

With the latest round, Jio Platforms has raised a total of Rs 92,202.15 crore from global technology and growth investors such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in the past nearly six weeks.

The deal values Jio Platforms at an equity value of Rs 4.91-lakh crore and an enterprise value of Rs 5.16-lakh crore, and will translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis, RIL said in a statement.