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Interesting Facts To Know About Silver Lake’s Deal With Reliance Jio

| Published on May 5, 2020

Silver Lake, a U.S. based private company, has bought a 1.15% stake in Reliance Jio after Facebook did the same 12 days back. However, this new investment has raised Reliance Jio’s value by 23%. It looks like Reliance Jio is selling hotcakes all of a sudden as the biggest companies in the world want a share of this 3-year-old telecom enterprise. By the end of March, Jio had more than 370 million subscribers in India.

After Facebook, Silver Lake invests ₹5,656 crore in Reliance Jio ...

What Is The Value Of This Silver Lake-Reliance Jio Deal?

Some of the key points of this new partnership are as follows,

  • Jio platforms will now have an equity value of Rs. 4.90 lakh crore and Rs. 5.15 lakh crore will be the enterprise value.
  • This deal was sought after through Morgan Stanley’s financial advisory to Reliance Jio.
  • Silver Lake is a known face in the mark, having made investments in Airbnb, Twitter, Dell Technologies and Alphabet’s Verily.
  • This investment provides a 12.5% premium to the equity of valuation in comparison to Facebook’s deal.
  • Reliance Jio will further try and enhance the technology they had been working on including Big Data Analytics, Artificial Intelligence, IoT, Augmented Reality etc.

Here’s a look at Jio’s share price trajectory over the last few months.

Interesting Facts To Know About Silver Lake's Deal With Reliance Jio

Will Mukesh Ambani owned Reliance Jio deal in more partnerships this month? We are yet to see.

Source: Business Insider and Hindustan Times

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