Silver Lake will invest additional Rs 4,546.8 crore in Jio Platforms.
With the Latest investment, Jio has raised Rs 92,202 crores for a exchange of 19.9 percent stake.
The total investment by Silver Lake and its co-investors in Jio Platforms is now Rs 10,202.55 crore.
Talking on the aggregate investment brought by Silver Lake, Mukesh Ambani, chairman and managing director, Reliance Industries Ltd, said Silver Lake and its co-investors are valued partners as his company continues to grow and transform the Indian digital ecosystem for the benefit of all Indians.
“We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships, as we drive the Indian Digital Society’s transformation. I would like to emphasise that Silver Lake’s additional investment in Jio Platforms, within a span of five weeks during the COVID-19 pandemic, is a strong endorsement of the intrinsic resilience of the Indian economy, which will surely grow bigger with comprehensive digital enablement.”
Silver Lake is the world’s largest tech investor and has a amazing track record of investing in some of the largest and successful technolgy companies globally such as Alibaba, Twitter, Airbnb, Dell, ANT Financials, Alphabet’s Waymo and Verily, among others.
Silver Lake made its debut investment in India in 2013 when it picked up a minority stake in Bangalore based Ekta Software which builds software for commodity trading.
The company was launched in 1999 as a specialist firm focused on tech company investments.
Series Of Investments in Reliance JIO in the past 6 Weeks
|Investor||Stake In Company||Date|
|Silver Lake||1.15%||03 May|
|General Atlantic||1.34%||17 May|
|Silver Lake||0.93%||05 June|