Reliance Jio Sold Stake of 11,367 crore to Vista Equity Partners
RIL sold 13.46% stake of Reliance Jio in less than 10 days
Industries gets Rs 60,597 crore till date from sale of Jio stake
Ambani’s targeting 1 Lakh Crore stake sale to be debt-free
2.32 per cent of Reliance Jio Sold Stake sold to US-based equity firm Vista Equity Partners. This deal has fetched Rs 11,367 crore fo Reliance Industries. Vista investment made at the equity value of Jio platforms at Rs 4.91 lakh crore and enterprise value at Rs 5.16 lakh crore.
US firm Vista has now become the second major company to buy a stake in Reliance Jio. This information shared by an official statement.
Vista Equity Partners share the same vision as Reliance Industries
The chairman of Reliance Industries, Mukesh Ambani said that I am happy to welcome Vista partnership. It is one of the largest specialized tech investors in the world.
Like our other partners Vista also shares the same vision with us. Vision To develop and transform the digital ecosystem for better India. He said that the transformative power of technology is the key to a better future for all.
Vista is the world’s fifth-largest enterprises software company
Vista Equity Partners has an estimated capital commitments of over $ 57 billion. It is the fifth-largest enterprise software company in the world. Currently, Vista business in India employed over 13,000 employees.
Mukesh Ambai sold 13.46% Reliance Jio stake in less than 10 days
RIL wants to be a debt-free company by this financial year. Reliance Jio is being sold under this vision. Ambani has sold 13.46 per cent stake in Reliance Jio in less than 10 days.
30th April Jio’s first stake sale announced with Facebook. Total Rs 60,597 crore received from Reliance Industries from stake sale so far. The Reliance Jio is a subsidiary of Reliance Industries.
Facebook invested Rs 43,574 crore in Reliance Jio last month
Social Media leader Facebook invested Rs 43,574 crore in the Jio last month. Facebook has acquired 9.99% stake in the Jio platform with this investment.
This Facebook investment announced by Reliance Industries and on 22 April. This was the largest foreign investment ever in India for a minority stake.
Silver Lake invested Rs 5656 crore in Reliance Jio last week
Recently a private equity firm Silver Lake has invested Rs 5656 crore in Reliance Jio. Silver Lake will have a 1.15% stake in Jio after this investment.
4th May Reliance Industries announced this deal to the world. The investment was on the equity value of the Jio platform at Rs 4.90 lakh crore and enterprise value at Rs 5.15 lakh crore.
Silver Lake invests in tech companies around the world. Investment includes Airbnb, Alibaba, Ant Financial, Alphabet’s Varilee & Wymo, Twitter etc.
Mukesh Ambani target to raise more than 1 lakh crore in the first quarter
Reliance Industries has set a target of raising more than Rs 1 lakh crore in the first quarter. This includes investments from Facebook, Saudi Aramco and BP.
Now Silver Lake’s investment is also included. Apart from this, Reliance has also recently announced a rights issue of Rs 53,125 crore.
