Friday, 24 March, 2023

PE giant Silver Lake invests ₹5,655 cr in Jio Platforms

<p>Silver Lake, a private equity firm, will invest ₹ 5,655.75 cr into RIL&#39;s Jio Platforms for 1.15% stake. Last week RIL announced a ₹43,574 cr deal with FB. The new investment will take Jio Platforms equity valuation to ₹ 4.90 lakh cr and enterprise valuation to ₹ 5.15 lakh cr. The Silver Lake deal represents a 12.5% premium to the equity valuation of FB&#39;s investment.&nbsp; Its other investments include Airbnb, Alibaba, Ant Financial, Dell Technologies, Twitter.</p>