US-BasedVista Equity Partners To Take Over 2% Stake In Reliance Jio

After Facebook and Silver Lake, US-based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake, making it the third high profile investment in Reliance Industries Limited (RIL) unit.

Vista’s investment is at a 12.5 per cent premium over the Facebook deal announced in April.

“This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore,” a statement from RIL read.

Vista is a leading global investment firm focussed on empowering and growing enterprise software, data and technology-enabled companies that are reinventing industries and catalysing change.