American company SILVERLAKE invests Rs 5655Cr in Jio
After the huge investment of Rs 43,574CR from Facebook, now American company Silverlake invests Rs 5655 Cr in Jio Platforms. After this huge investment it has increased the value of Jio Platforms at an equity value of Rs 4.90 Lakh Cr & boosted EV of 5.15 lakh Cr.
This deal now represents a 12.5% premium to EQ valuation of Facebook investment which was announced on April 22. By spending this amount of money Silverlake becomes 1% stake holder of Jio platforms.
On April 30, Reliance said, “In addition to the Facebook investment, the Board was informed that RIL has received strong interest from other strategic and financial investors and is in good shape to announce a similar sized investment in the coming months.”
In just 10 days after announcement of Facebook deal a huge investment from the American company is dealing at 12.5% premium to the valuation of the deal which signs a bold movement for the country’s economy.
After the deal of JIo-Facebook we have seen that the value of RIL and other Reliance owned company’s stocks value has increased suddenly. Today’s deal will give a boost in the increasing value of all Reliance owned companies stocks.
Silver Lake is an American private equity firm which focuses on leveraged buyout and growth capital investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world and notable for participating in club deals. Among its investment holdings are Broadcom, Dell, Alibaba, GoDaddy, The Madison Square Garden Company, William Morris Endeavor, IMG Worldwide, Avaya, Sabre Holdings, Skype, Symantec, GLG, Seagate Technology and NASDAQ. Silver Lake is headquartered in Menlo Park with offices in Cupertino, New York, London, Hong Kong, Shanghai and Tokyo.