Jio Platforms, the technology subsidiary of Reliance Industries, has received seventh investment. This is the second investment in the digital enterprise in as little as 24 hours. The company had raised Rs 9,093.60 crore earlier in the day by selling 1.85 percent equity stake. Now, it is seeing the return of existing investor, offering additional investment. Silver Lake Partners, which made an investment right after Facebook acquired 9.99 percent stake, is expanding its investment. Also Read - Jio Platforms gets 6th major deal as Mubadala to invest Rs 9093 crore for 1.85% stake
This time, Silver Lake Partners is investing additional Rs 4,546.60 crore for a 0.93 percent stake. This brings the total percent stake owned by Silver Lake Partners to 2.08 percent. It had acquired 1.15 percent stake with Rs 5.655.75 crore investment on May 3, 2020. This brings the aggregate investment by Silver Lake and its co-investors Rs 10,202.55 crore. Jio Platforms has raised a total of Rs 92,202.15 crore since April. Like previous deals, Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Also Read - Jio Platforms: Microsoft, Twitter, Mubadala and others looking to invest billions of dolla