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.
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.
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.
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.
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.