Leading global tech investor Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent 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 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent 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 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.
Mumbai's Madhav Viradiya Scores Perfect 100 Percentile In JEE Main 2026 January Session
When Is Chinese New Year 2026? Here's To know Date & Significance Of Spring Festival
ED Attaches ₹5.88 Crore Properties In Mumbai In NDPS-Linked Money Laundering Probe
SL VS AUS: Australia Openers Travis Head & Mitchell Marsh Smash Half-Centuries In Must-Win T20 WC26 Clash
