After Facebook, Silver Lake invests Rs 5,656 cr in Jio Platforms

PTI, May 4, 2020, 9:43 AM IST

New Delhi: Leading global tech investor Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy a 1.15 percent stake in the firm that houses billionaire Mukesh Ambani’s telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 per ent to the Facebook deal.

“This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020,” Reliance said in a statement.

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