Vista Equity Partners to invest in Reliance Jio

New Delhi: US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday.

“This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore,” the company said in a statement.