Reliance Jio, the telecom industry giant, was benefiting from the lockdown. The company has joined hands with three large investors within a month. Now America’s Vista Equity Partners has announced to invest about Rs 11,000 crore in Jio.
US-based private equity firm ‘Vista Equity Partners’ has announced an investment of Rs 11,367 crore in Reliance Jio. Under this deal, the American company will buy a 2.32 percent stake in Jio. As a result of this deal, the equity valuation of Jio platforms will be around Rs 4.19 lakh crore. In addition, Vista became the third largest investor after Reliance Industries and Facebook.
Reliance Jio has got the third-largest investor in the last one month. Earlier, Jio sold its stake to Facebook and then to the Silver Lake Company. With these three deals, Jio has made a total settlement of Rs 60,596.37 crore. Facebook first announced a large investment in Jio.
Facebook, the biggest social media company, is going to buy a 9.99% stake in Indian company Reliance Jio. The deal was finalized for Rs 43,574 crore. This is Facebook’s largest investment in any company worldwide.