India’s Reliance says Vista Equity to invest $1.50 billion in digital arm

ARCHIVE PHOTO: A woman rides her scooter after advertisements for Reliance Industries' Jio telecommunications unit in Ahmedabad, India on July 5, 2018. REUTERS / Amit Dave

(Reuters) – India's Reliance Industries Ltd said on Friday private equity firm Vista Equity Partners that it will invest R $ 113.67 billion ($ 1.50 billion) in its Jio platforms for a stake of 2 , 32%.


"This investment values ​​Jio Platforms at a book value of Rs 4.91 lakh crore and a corporate value of Rs 5.16 lakh crore," Reliance said in a statement.

Facebook and Silver Lake have already announced plans to take holdings in Jio.

Reporting by Juby Babu in Bengaluru; Edited by Anil D & # 39; Silva



Source link


Leave a Reply

Your email address will not be published. Required fields are marked *