Lawstreet Journal

Silver Lake to Invest Additional ₹4,547 Crore in Jio Platforms After Mubadala Deal

Lawstreet Journal 8 Jun 2020 6:21pm

Image courtesy: Lawstreet Journal Business Silver Lake to Invest Additional ₹4,547 Crore in Jio Platforms After Mubadala Deal

Reliance Industries on June 05, 2020 has announced an additional investment of ₹4,546.8 crores by Silver Lake in Jio Platforms for an additional 0.93% stake in RIL's digital unit, which is in addition to the ₹ 5,655.75 crores of investment already made by it on May 04, 2020.

This new additional investment will make the aggregate investment by Silver Lake and its co-investors in Jio Platforms to ₹ 10,202.55 crores. The announcement came on the say when where RIL had announced the sale of 1.85% stake in Jio Platforms to Abu Dhabi-based sovereign investor Mubadala for ₹9,093.60 crores.

Silver Lake’s investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore and will translate into a 2.08% equity stake in Jio Platforms on a fully diluted basis. With this latest investment, Jio Platforms has raised whopping ₹ 92,202.15 crores from leading technology investors in less than six weeks.

Commenting on the aggregate investment brought by Silver Lake, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, had said, 

“Silver Lake and its co-investors are valued partners as we continue to grow and transform the Indian digital ecosystem for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships, as we drive the Indian Digital Society’s transformation. I would like to emphasize that Silver Lake’s additional investment in Jio Platforms, within a… Continue Reading...


Tagged: Reliance Industries   Reliance Industries Limited   Reliance Industry  
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