Reliance Jio to sell 2.32% stake to PE firm Vista Equity for Rs 11,637 Cr
Shortpedia
Content Team
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Indian telecom giant Reliance Jio has announced to sell a 2.32% stake to US-based private equity firm Vista Equity, on a fully diluted basis for Rs 11,637 crore. The deal would value Jio at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. Similar to the Silver Lake deal, Vista’s investment is also at a 12.5% premium over the Facebook deal announced in April.
