This is the third such investment in the company in the past 15 days, taking the total fundraising to about ₹60,596 cr Vista Equity Partners agreed to invest ₹11,367 crore in a Reliance Industries Ltd (RIL) unit on Friday, the Indian company’s third mega stake sale in as many weeks, as chairman Mukesh Ambani raced to raise a total of ₹60,596 crore from three investors, including Facebook Inc.
US-based Vista Equity Partners will get a 2.3% stake in Jio Platforms Ltd, Reliance’s digital unit. Facebook and Silver Lake Partners also bought stakes in Jio in the past 15 days.
The Vista investment gives Jio an equity value of ₹4.91 trillion and an enterprise value of ₹5.16 trillion. The investment proceeds will be used to redeem optionally