38.6c New Delhi, India, Saturday, September 27, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Business

Vista becomes the biggest shareholder in Jio Platforms after RIL and Facebook.

By Bhumika Bhargava      08 May, 2020 10:35 PM      0 Comments
Vista becomes the biggest shareholder in Jio Platforms after RIL and Facebook.

Renowned private equity firm - Vista Equity Partners will invest Rs.11,367 crore in Jio Platforms for a 2.32% stake. This is Jio Platforms' third deal after Facebook and Silver Lake's share acquisition plans in the course of the last fourteen days. 

This investment values Jio Platforms at an equity value of 4.91 lakh crore and an enterprise value of 5.16 lakh crore," Reliance Industries said in an announcement on 8th May 2020.

"We believe in the potential of the Digital Society that Jio is building for India. Mukeshs vision as a global pioneer, alongside Jios 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 enterprises software to fuel the future of one of the worlds fastest-growing digital economies," remarking on the investment, Robert F. Smith, Founder, Chairman and CEO of Vista, said.

With the investment form Vista equity, Jio Platforms is set to net a consolidated 60,596 crores for the unit of Reliance Industries which involves its telecom business under Reliance Jio Infocomm Limited.

Facebook on April 22 stated that it would put $5.7 billion in Jio Platforms for a 9.99% stake. Soon thereafter, on May 4, Silver Lake said that it would invest 5,655.75 crores to purchase a 1.15 percent stake in the Mukesh Ambani-led enterprise.

Vista has more than $57 billion in aggregate capital commitments and its worldwide organizations make for the fifth largest enterprise software company in the world. At present, Vistas portfolio organizations have a noteworthy network in India with more than 13,000 representatives. 

Silver Lakes interest in Jio Platforms was at a 12.5 percent premium to Facebook's USD 5.7 billion (43,574 crores) investment for a 9.99 percent stake in the firm. Facebook had purchased a 9.99 percent stake in Jio Platforms for USD 5.7 billion (43,574 crores) at an enterprise value of 4.62 lakh crore. 

Morgan Stanley in the capacity of a Financial Advisor aided Reliance Industries for the completion of the deal.



Share this article:



Leave a feedback about this
TRENDING NEWS

sc-permits-ramlila-at-school-playground-in-up
Trending Judiciary
SC permits Ramlila at school playground in UP

SC allows Ramlila at UP school ground, noting 100-year tradition, but urges finding alternate sites to keep playgrounds free for students.

26 September, 2025 12:08 AM
sc-stays-hcs-order-on-composition-of-sit-formed-to-probe-tirupati-parasadam-row
Trending Judiciary
SC stays HC's order on composition of SIT formed to probe Tirupati parasadam row

SC stays Andhra Pradesh HC order on SIT composition in Tirupati prasadam row, clarifying CBI Director’s role in appointing investigation officer.

26 September, 2025 07:53 PM

TOP STORIES

calcutta-hc-dismisses-plea-against-bengali-singer-for-allegedly-insulting-lord-ram-cites-lack-of-evidence
Trending Judiciary
Calcutta HC Dismisses Plea Against Bengali Singer For Allegedly Insulting Lord Ram, Cites Lack of Evidence [Read Judgment]

Calcutta HC dismisses plea against singer Nachiketa Chakraborty over alleged remarks on Lord Ram, citing lack of evidence and jurisdiction.

22 September, 2025 10:43 AM
allahabad-hc-slams-police-for-recording-caste-of-accused-in-firs-terms-it-identity-profiling
Trending Judiciary
Allahabad HC Slams Police for Recording Caste of Accused in FIRs, Terms It “Identity Profiling” [Read Order]

Allahabad HC condemns police for recording caste of accused in FIRs, calling it identity profiling that violates fundamental rights and constitutional values.

22 September, 2025 11:04 AM
spouse-may-claim-damages-for-marital-interference-by-third-party-delhi-hc
Trending Judiciary
Spouse May Claim Damages for Marital Interference by Third Party: Delhi HC [Read Order]

Delhi HC allows spouse to sue lover for ‘alienation of affection’, recognizing civil action for intentional interference in marriage.

22 September, 2025 01:06 PM
sc-notice-to-centre-others-on-plea-for-court-monitored-probe-into-air-india-crash
Trending Judiciary
SC notice to Centre, others on plea for court-monitored probe into Air India crash

SC issues notice on plea for court-monitored probe into Air India crash that killed 260; petitioner seeks independent, transparent, and fair investigation.

22 September, 2025 02:27 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email