Vista Equity Will invest 2.32% stake in jio

Vista Equity Partners will pick up a 2.32 percent stake in Jio Platforms for Rs 11,367 crore at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The US-based private equity firm that runs the world's largest exclusively tech-focused fund.

This is the third high-profile investment in the Reliance Industries Ltd (RIL) unit. In less than three weeks now, Jio Platforms has raised Rs 60,596.37 crore from leading technology investors.

Vista's investment is at an 12.5 percent premium over the Facebook deal announced in April.
Vista has a track record of investing in cutting edge tech companies in their early stage. Each of its investments have been profitable in its history of 10 years. This is Vista's first sizable investment in India.

Source- moneycontrol.com

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