Reliance Jio is one of the largest fastest-growing company in the world. Silver Lake Invests Another Rs 5.65 Crore Jio Platforms. The telco has a subscriber base of 388 million.
Silver Lake Invests Another Rs 5.65 Crore Jio Platforms:
At the same time, Silver Lake is one of the most prominent global investors in large-scale technology. Now, the company will invest in Jio Platforms Limited as well. Silver Lake is investing Rs 5,655.75 crore into Jio Platforms. This will mark the equity value of Jio Platforms at Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore.
Reliance Jio Will Work With Silverlake:
Reliance Jio working with Silver Lake believes that no one in the country should be a step behind in realizing new opportunities to grow which are out there and that is why they want everyone to have an online presence. Silverlake’s investment increases the brand value of Reliance Jio as a company.
Some other companies were Silverlake has invested are Dell Technologies, Twitter, Ant Financial, Alibaba, Airbnb, and numerous other big tech companies in the world.
Reliance Jio And Silverlake Will Grow Together:
Mukesh Ambani addressing the deal with Silver Lake said that he is pleased with the partnership. He said that everyone knows how big Silver Lake is global. Now Reliance Jio is fully digital. Mr. Ergon Durban has made comments on this investment also. Mr. Durban is the Co-CEO and Managing Partner of Silver Lake. He also said that the Silver Team is impressed with the team that is working in Reliance Jio and how at such a low-cost they have been able to provide the benefit of technology to masses. Ergon also said they are ready to help Reliance Jio in the mission of making India a fully digital country.