Wednesday, Sep 23, 2020 | Last Update : 09:21 AM IST

182nd Day Of Lockdown

Maharashtra122438091634833015 Andhra Pradesh6317495518215410 Tamil Nadu5473374919718871 Karnataka5268764233778145 Uttar Pradesh3588932895945135 Delhi2492592133045014 West Bengal2283021989834421 Odisha184122149379763 Telangana1726081419301042 Bihar169856155824870 Assam159320129130578 Kerala13863398720554 Gujarat1247671051913337 Rajasthan116881972841352 Haryana113075908841177 Madhya Pradesh108167836182007 Punjab99930754092860 Chhatisgarh8618347653680 Jharkhand7267358543626 Jammu and Kashmir65026421151024 Uttarakhand4177729000501 Goa2875322726360 Puducherry2319118065467 Tripura2227215441245 Himachal Pradesh124387836125 Chandigarh102987411123 Manipur9010683859 Arunachal Pradesh7385540813 Nagaland5544445110 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Business   Companies  08 May 2020  Vista Equity Partners to invest in Reliance Jio

Vista Equity Partners to invest in Reliance Jio

PTI
Published : May 8, 2020, 9:05 am IST
Updated : May 8, 2020, 9:24 am IST

Vista's investment will translate into a 2.32 percent equity stake on a fully diluted basis, making Vista largest investor in Jio Platforms

 Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr. (PTI Photo)
  Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr. (PTI Photo)

New Delhi: US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday.

"This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

 

Vista's investment will translate into a 2.32 per cent equity stake on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook.

Facebook had bought 9.99 per cent stake in Jio Platforms - the firm that houses India's youngest but biggest telecom firm, for Rs 43,574 crore. That deal was followed by Silver Lake - the world's largest tech investor - buying 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore.

"Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks," the statement said.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation tech company that brings together Jio's leading digital apps, digital ecosystems and high speed connectivity platform under one umbrella.

 

Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms.

Vista is a leading global investment firm focused on empowering enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. It has more than USD 57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.

Currently, Vista portfolio companies have a significant presence in India with over 13,000 employees.

"I am delighted to welcome Vista, one of the world's marquee tech investors globally as a valued partner. Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians," RIL Chairman and Managing Director Mukesh Ambani said.

 

Ambani further said "we are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio."

Tags: coronavirus outbreak, coronavirus pandemic, covid-19, facebook deal, jio platforms, mukesh ambani, reliance industries, tech companies, tech-focused fund, vista equity partners, vista jio investment
Location: India, Delhi, New Delhi