BREAKING NEWS
Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing
Centre releases 15th Finance Commission grant for rural local bodies in Karnataka
Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch
Priyanka joining forces with Rahul in Parliament will give ‘sleepless nights’ to BJP: Pilot
Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan
Teen stabs man to death at railway station in Mumbai after quarrel over local train seat
Baku climate talks: The ‘X’ factor that could determine future of Global South
India crawl to 51 for 4 after losing top-order
10 month baby gets new heart, new life
Saura Swasthya launched: Karnataka to power 5,000 health facilities with solar energy
PM Modi leaves for home after concluding three-nation visit
Siddaramaiah says confident of winning all three bypolls in Karnataka
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge
Siddaramaiah defends BPL ration card cancellation, says only ineligible beneficiaries affected
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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