Reliance Might Sell Another 8% Stake Jio Platforms After Silver Lake

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Reliance Industries might use the equity valuation done by Facebook and Silver Lake. These two companies have offered an additional 10% stake of the company to the financial investors. Reliance Might Sell Stake.

Recently Silver Lake has invested rupees  5,655.75 Crore in Jio Platforms and acquired 1.15% Stake in the company. However, BofA research stated that Reliance Industries might offer another 8% stake in Jio Platforms.

Reliance Might Sell Stake

Reliance Industries earlier marked that they have been getting attraction from global companies for a 10 % stake in Jio Platforms. Facebook, the instant messaging platform has bought a 9.99% stake of Jip platform. Facebook has invested rupees Rs 43,574 crore.

Everyone is expecting that the deal between Facebook and Jio will benefit approximately 60 million subscribers. Reliance Might Sell Stake.

Silver Lake has bought a stake of 1.15% of Jio. Silver Lake has invested 5, 655.75 crores in Jio Platforms. However, Silver Lake Partners valued the digital unit of Reliance Industries Limited (RIL) at Rs 5.15 lakh crore. Whereas instant messaging platform giant Facebook valued Reliance Industries at Rs 4.62 lakh crore.

Reliance Might Sell Stake

Indian Law suggests a free float capital must be approximately $17 billion, Reliance Industries Limited (RIL) use the latest Silver Lake Valuation of Rs 5.15 Lakh crore and Rs 4.90 Lakh crore Facebook Valuation to reduce the need of future Jio IPO for raising cash. Also using the equity value done by Facebook and Silver Lake. Reliance Might Sell Stake.

The Reliance-Facebook deal will open multiple opportunities for Jio Market as well. The effect is already visible. Reliance Might Sell Stake. The grocery app was available on WhatsApp in some areas of Mumbai. It is also expected that once WhatsApp gets all the necessary permissions, JioMart will be available on Facebook-owned platform WhatsApp across India. Also, the Reliance-Facebook deal will help 60 million small businesses operating in India.

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