US based Vista Equity partners get 2.32% stake in Reliance Jio
After Facebook, US-based Vista Equity partners get 2.32% in Reliance jio in Rs.11,367 crore
US-based Vista Equity Partners will be investing Rs 11,367 crore in the Reliance Jio Company to get 2.32% stake, and this is the third-highest investment in the Reliance Industries Ltd (RIL) unit.
RIL said “ This investment values Jio platforms at an equity value of Rs. 4.91 Lakh crore and an enterprise value of Rs. 5.16 lakh crore. “
US-based Vista Equity Partners
Vista is a leading global investment firm focused on empowering and growing technology-enabled companies that are reinventing industries and catalyzing change. It also empowers and supports enterprise software, and data.
Vista is a market-leading investment company working for more than 20 years. Vista has currently 5 head offices all over the world with more than 500+ employees and 150+ investment professionals in their firm. This is Vista’s first sizable investment in India, RIL said.
News agencies confirmed investment news on their tweeter.
PTI Tweeted
Vista Equity Partners picks 2.32 pc stake in Jio Platforms for Rs 11,367 cr: Statement.
Vista Equity Partners picks 2.32 pc stake in Jio Platforms for Rs 11,367 cr: Statement
— Press Trust of India (@PTI_News) May 8, 2020
ANI Tweeted
After Facebook and Silver Lake, US-based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake, making it third high profile investment in RIL unit.
After Facebook and Silver Lake, US-based Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake, making it third high profile investment in RIL unit.
Read @ANI story | https://t.co/3nkFMW280a pic.twitter.com/HiuIJ1ja2a
— ANI Digital (@ani_digital) May 8, 2020
“Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone,” RIL Chairman Mukesh Ambani said in the statement.
“In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential of a Digital Indian Society. We are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio,” he added.
Vista’s Investment Founder says
Robert F. Smith, founder, chairman and CEO, Vista, said, “We believe in the potential of the digital society that Jio is building for India. Mukesh’s vision as a global pioneer, alongside Jio’s world-class leadership team, have built a platform to scale and advance the data revolution it started. We are thrilled to join Jio Platforms to deliver exponential growth in connectivity across India, providing modern consumer, small business, and enterprise software to fuel the future of one of the world’s fastest-growing digital economies.”
Reliance Jio official retweet
GM All: Our statement on VISTA INVESTING Rs11,367 CR IN JIO PLATFORMS AT AN EQUITY VALUE OF ₹ 4.91 LAKH CRORE is here.
The PRE-EMINENT SOFTWARE & TECH INVESTOR PARTNERS WITH JIO PLATFORMS TO HELP FULFIL JIO’S VISION OF ENABLING A DIGITAL INDIA #coronahaaregaindiajeetega pic.twitter.com/Wq5bdrRarJ
— Flame of Truth (@flameoftruth) May 8, 2020
Vista’s investment will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook.
Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks. On April 22, Facebook said that it would invest USD 5.7 billion in Jio Platforms for a 9.99 percent stake. Later on May 4, US private equity firm Silver Lake said it will invest Rs 5,655.75 crore in Jio Platforms for a 1.15 percent stake.
Tags: US-based Vista Equity partners, reliance Jio, Vista’s investment, Reliance Industries Ltd, Investment.
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