Reliance Jio set to sell 1% stake to PE firm Silver Lake at $65 Bn valuation
Shortpedia
Content Team
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US-based private equity firm Silver Lake Partners has announced to buy a 1.15% stake in Jio Platforms for about $750 million (Rs 5,655.75 cr) at a valuation of $65 billion. This investment values Jio Platforms at an equity value of Rs 4.90 lakh cr and an enterprise value of Rs 5.15 lakh cr and represents a 12.5% premium to the equity valuation of the FB investment announced on April 22, 2020,” RIL and Jio said in a joint statement.
