After Facebook deal, Mukesh Ambani’s Jio Platforms bags Rs 5,656 cr Investment from Silver Lake

NEW DELHI: Days after the mega Facebook deal in its digital arm Jio Platforms, Mukesh Ambani’s Reliance Group on Monday launched a Rs 5,656 crore latest funding by US private equity company Silver Lake, at a 12.5% premium over the previous transaction.

Facebook had invested Rs 43,574 crore in Jio Platforms on April 22, and the latest deal exhibits the rising curiosity of worldwide merchants into Jio Platforms’ enterprise, which may be the holding agency for Reliance Jio, the nation’s best telecom agency.

Commenting on the transaction, Mukesh Ambani, chairman and managing director of Reliance Industries, said, “Silver Lake has a powerful report of being a worthwhile companion for fundamental know-how companies globally. Silver Lake is considered one of primarily probably the most revered voices in know-how and finance. We’re excited to leverage insights from their worldwide know-how relationships for the Indian digital society’s transformation.

Silver Lake is a worldwide chief in know-how investing, with over $43 billion in combined belongings beneath administration and devoted capital and a workforce of roughly 100 funding and working professionals positioned world large. Companies, the place it has invested beforehand, embody Alibaba group, Airbnb, Dell, Didi Chuxing, Hyla Cell, Ant Financial, Alphabet’s Verily and Twitter.
Egon Durban, Silver Lake Co-CEO and Managing Companion, said that Jio Platforms is without doubt one of the world’s “most distinctive” companies.

“They’ve launched extraordinary engineering capabilities to bear on bringing the flexibility of low-value digital suppliers to a mass shopper and small enterprise inhabitants.