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Vista Equity Partners to invest ₹11,370 crore in Jio Platforms for 2.3% stake
short by Krishna Veera Vanamali / on Friday, 8 May, 2020
Reliance Industries on Friday said private equity firm Vista Equity Partners will invest nearly ₹11,370 crore in Jio platforms for a 2.32% stake. "This investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore," Reliance said. Jio Platform has now raised around ₹60,600 crore in less than three weeks.
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