Silver Lake raises stake in Jio Platforms to 2.08% for additional Rs 4,546.80 crore

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NEW DELHI: Reliance Industries late on Friday said US private equity fund Silver Lake and its co-investors will put in an additional Rs 4,546 crore ($601.40 million) in the company’s digital unit Jio Platforms.
The investment comes in addition to the Rs 5,656 crore which Silver Lake committed to Jio Platforms earlier this month.
Silver Lake’s new investment values Jio Platforms – the digital services entity that houses Reliance’s telecoms arm Jio Infocomm, its music and video streaming apps, at an enterprise value of Rs 5.16 lakh crore ($68.26 billion), Reliance said in a regulatory filing.
The company further said that with this, aggregate investment by Silver Lake in Jio Platforms will be Rs 10,202.55 crore.
The investment also ups Silver Lake’s stake in Jio Platforms to 2.08% from the previous just over 1% stake.

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