Reliance Jio raises Rs 5,656 crore from Silver Lake days after mega deal with Facebook

Private equity firm Silver Lake will invest $750 million or Rs 5,655.75 crore in Reliance Jio Platforms, the Indian company said on Monday.

The deal would come less than two weeks after Facebook Inc said it would pay $5.7 billion for a nearly 10% stake in Jio.

Reliance Industries said in a regulatory filing on Monday that this investment values Jio Platforms at an equity value of Rs 4.90 lakh crore.