What's Hot

    A Brief Introduction Of Brokenshire College School of Medicine

    24/05/2023

    ERP Software: The Not-So-Secret, Secret Weapon for Small Business

    24/05/2023

    New Parliament Building Nearing Completion, Inauguration Expected Soon

    16/05/2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    StartUp InsiderStartUp Insider
    NOMINATE FOR AWARDS
    • Home
    • News & Updates
    • Startup Stories
    • Funding News
    • CEO Story
    • Interviews
    StartUp InsiderStartUp Insider
    Home»News & Updates»Vista Equity Partners to invest Rs 11,367 crore in Jio platforms
    News & Updates

    Vista Equity Partners to invest Rs 11,367 crore in Jio platforms

    Harsh VermaBy Harsh Verma10/05/2020Updated:10/05/2020No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Its been just a few days when Facebook and silver lake invested in Reliance Jio. Now, private Equity Vista Equity Partners will purchase a 2.3 per cent stake of Jio Platforms Limited for Rs 11,367 crore. Vista Equity Partners is a US-based private equity firm and is the world’s largest exclusively tech-focused fund. Jio’s telecom service has about 38.8 crores users across the country, which is quite an attractive factor for investors.

    jio

    Reliance Industries (RIL) and Jio Platforms Limited gave this official statement. This investment will be at the value of 4.91 lakh crores of Jio platform, and the enterprise value will now be 5.16 lakh crores. With this investment, America’s Vista equity will become the second-largest company to invest in Reliance Jio.

    jio

    Vista Equity Partners President and CEO Robert F. Smith said that the firm believes in the potential of the Digital Society that Jio is mounting for India. Robert further praised Reliance Chairman Mukesh Ambani and said that Mukesh’s vision as a global leader had propelled the data and digital revolution. The company and its employees are thrilled to get connected to Reliance Jio platform.

    jio

    Vista Equity Partners is the 5th largest enterprise software company in the world. This firm has a cumulative capital commitment of more than $ 57 billion and has over 20 years of experience in enterprise software investment. Moreover, the firm has more than 13,000 workers working in companies based in India.

    Read More: Silver Lake To Invest Rs 5655 Crores In Reliance Jio

    jio

    After this deal sets off, Vista Equity Partners will be the largest shareholder in Jio platforms of Reliance Industries. Social media company Facebook invested 9.43 per cent in Jio by investing Rs 43,574 crore, and Silver Lake, the world’s largest technology investor, bought 1.15 per cent stake by investing Rs 5,665.75 crore just a few days ago. In this way, the Reliance Jio company has added three big investors in its portfolio within the last three weeks and has raised Rs 60,596.37 crore from them.

    equity firms jio partners reliance startup insider vista
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Harsh Verma

    Related Posts

    New Parliament Building Nearing Completion, Inauguration Expected Soon

    16/05/2023

    Tesla Executives Seek India Visit to Discuss Local Sourcing and Tax Policies

    16/05/2023

    Bharti Airtel Reports Strong Q4 Results with Impressive Revenue Growth and Increased Net Profit

    16/05/2023

    Actor Suniel Shetty invests in and becomes brand ambassador for new food delivery app Waayu

    14/05/2023
    Editors Picks

    New Parliament Building Nearing Completion, Inauguration Expected Soon

    16/05/2023

    Tesla Executives Seek India Visit to Discuss Local Sourcing and Tax Policies

    16/05/2023

    Bharti Airtel Reports Strong Q4 Results with Impressive Revenue Growth and Increased Net Profit

    16/05/2023

    Actor Suniel Shetty invests in and becomes brand ambassador for new food delivery app Waayu

    14/05/2023
    Latest Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the audience.

    We're social. Connect with us:

    Facebook Twitter Instagram LinkedIn

    A Brief Introduction Of Brokenshire College School of Medicine

    24/05/2023

    ERP Software: The Not-So-Secret, Secret Weapon for Small Business

    24/05/2023

    New Parliament Building Nearing Completion, Inauguration Expected Soon

    16/05/2023

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 StartUp Insider.
    • Submit Your Story
    • Advertise with Us
    • Contact Us
    • Career

    Type above and press Enter to search. Press Esc to cancel.