Third Major Deal Of Reliance JIO: Rs 11,367 cr from US firm after Facebook, Silver Lake

Third Major Deal Of Reliance JIO: Rs 11,367 cr from US firm after Facebook, Silver Lake- Soochna
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HIGHLIGHTS

  • Vista Equity Partners has invested 2.32% of the share for Rs. 11,367 crores (USD 1.5 billion) in Reliance JIO. It is a third major deal of Reliance Jio in the last 17 days.
  • Reliance has sold the 13.46% shares of Jio-platforms in very less time of 17 days.
  • Reliance Industries got Rs. 60597 crores for selling the Reliance Jio’s shares.

Jio has again built up a deal with a High profile American Company Vista Equity Partners. So accordingly Vista Equity Partners has invested 2.32% of the share for Rs. 11,367 crores in Reliance Jio-platforms and it has become the third biggest investment in Jio-platforms. Jio-platforms has determined the equity price at 4.9 lakh crore and its enterprise value 5.60 lakh crore. After Facebook, Vista Equity Partners has been the biggest shareholder of Jio-platforms and it has got a large investment for rs. 60,596.37 crores to reduce the debts.

Vista Equity’s investment is at 12.5% premium to that Facebook’s Deal. Even before a week US-based company Silver Lake has also invested at a premium value to Facebook‘s deal.

On this major deal with Vista Equity Partners The Reliance Industries’ Chairman and Managing Directors, Mukesh Ambani said, “I am excited to welcome Vista Equity, our new partner, as It is one of the world’s most specific tech investment Company. And like other partners, Vista Equity also shares with us the same vision of growing and transforming the Indian Digital Ecosystem, which would be beneficial to all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone. In Robert and Brian, whose family is from Gujarat, I found two global technology leaders who believe in India and the potential of Digital Indian Society.”

Vista Equity is the World’s fifth largest Enterprise software company. It has approximately USD 57 billion Cumulative Capital Commitments. Currently, Vista’s Portfolio company is doing business with India and It has 13000 Indian workers.

The founder, chairman, and CEO of Vista Equity Partners Robert Smith said, “Reliance Industries’ CEO Mukesh Ambani’s insight alongside Jio’s world-class leadership team has established a platform to spread and advance the Data transformation it began. We are excited to join Jio-platforms to deliver excellent growth in data connectivity across India, providing modern customer, small business, and enterprise software to boost the future of one of the world’s largest growing Digital Economies.”

Prior to this deal, Facebook had invested USD 5.7 billion with a stake of 9.99% in Jio-platforms and it becomes the largest minority stakeholder.

After that in last week, US-based company, Silver Lake had already invested USD 747 million with 1.15 % share in Jio-platforms at an Equity value of 4.9 lakh crore.

Jio-platform is a Subsidiary of Reliance. It is a digital business Asset for Reliance industries which forms investment of entities like Reliance Jio Infocomm Limited, Jio apps, Haptik. Hathway, Den, and NowFloats.

Moreover, Reliance industries are expecting to get an investment of 1 lakh crore till June end. And in this investment, Facebook’s stakes and Silver lake’s stakes are already included. Even it has also announced the right issue of shares for Rs 53,125 crores.


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