SILVER LAKE

Earlier, after Facebook invested over Rs 43,000 crore in Jio platforms in April, Reliance Industries Limited (RIL) in May announced that US private equity firm Silver Lake will invest Rs 5,655 crore (nearly $750 million) 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, representing a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22. “I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians,” said Mukesh Ambani, Chairman and Managing Director, RIL.

Reliance Industries on April 30 said that it has received strong interest from investors, and major investments into Jio Platforms, in the line with Facebook’s investment, may be announced in the coming months. Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. “Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation,” Mukesh Ambani added.