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Silver Lake to invest Rs 5,656 Crore in Jio Platforms of Reliance Industries

Published: May 04, 2020

By TIOLCORPLAWS News Service

MUMBAI, MAY 04, 2020 : RELIANCE Industries and Jio Platforms announced today that US based private equity firm Silver Lake will invest  Rs. 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.90 lakh crore and an enterprise value of Rs. 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. The deal comes days after facebook announced an investment of Rs. 43,574 crore in Jio Platforms. This transaction is subject to regulatory and other customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Silver Lake is the global leader in large-scale technology investing. Its mission is to build and grow great companies by partnering with world-class management teams. In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance.

 

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