Earlier this week, Silver Lake – a US-based private equity firm which invests in technology, technology-enabled and related industries – acquired a 1.15 per cent stake after it announced an investment of Rs 5,655.75 crore in Jio Platforms. Corporates Edited by Peter Noronha Updated: May 04, 2020 12:16 pm IST Silver Lake’s backing for Jio values the telecoms company at $65bn, a premium of 12.5 per cent to the valuation implied by the Facebook deal. The Silver Lake deal assesses Jio Platforms at “an equity value of Rs 4.9 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment,” Reliance and Jio Platforms said in a joint statement on Monday. Silver Lake was the first US private equity firm to invest in Jio after tech giant Facebook took a 9.99 per cent stake in the company for Rs 43,573.62 crore. Jio has “brought extraordinary engineering capabilities to bear on bringing the power of low-cost digital services to a mass consumer and small businesses population. e-commerce venture run by India’s most valued firm. 4th May 2020. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation.”. RIL and Jio in a joint statement on Monday said that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake. In 2013, it. Silver Lake will not get status of member of board. 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. 7. The deal with Silver Lake gave Reliance Jio more equity to expand its services. The fresh investment in Jio Platforms comes less than a fortnight after Mark Zuckerberg-founded Facebook said it would invest $5.7 billion, or Rs 43,574 crore, for a 9.9 per cent stake in Jio Platforms. Silver Lake may have a smaller stake in Reliance Jio than Facebook but its role may be pivotal to making Mukesh Ambani ’s e-commerce goals come to fruition. The Menlo Park-headquartered PE firm, which has approximately $40 billion in combined assets and committed capital, has invested in dozens of tech firms over the years including in video game engine maker Unity, audio and video communication service Skype, consultancy firm Gartner, Alibaba’s Ant Financial, computer giant Dell, and Chinese ride-hailing giant Didi Chuxing. Jio Platforms is the subsidiary of Reliance Industries with over 388 million subscribers. Commenting on the transaction, Mukesh Ambani, chairman and managing director of Reliance Industries, said, “Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Silver Lake will invest Rs5,655.75 crore ($750 million) for a 1.1 percent stake in Jio Platforms at an enterprise value of Rs5,15,000 crore. Jio Platforms, the technology arm of India’s most valued company, Reliance Industries (RIL), has raised Rs5,655.75 crore ($747 million) from US private equity giant Silver Lake. 2 Indian carrier Bharti Airtel Ltd. for at least $2 billion. Global tech investor Silver Lake has decided to invest Rs 5,655.75 crore in Reliance Industries Jio Platforms at an equity value of Rs 4.9 lakh crore and an enterprise value of Rs 5.15 lakh crore. It also helps the company's aim of acquiring a debt-free status by March 2021. in Bangalore-based commodity trading and risk management software startup Eka. This is the second tranche received by Reliance industries’ digital unit from Silver Lake in the last one month making its total bet in Jio to Rs 10,202.55 crore. Silver Lake's Jio investment. Silver Lake’s additional investment will translate into a 2.08% equity stake in Jio on a fully diluted basis. Earlier this week, Silver Lake – a US-based private equity firm which invests in technology, technology-enabled and related industries – acquired a 1.15 per cent stake after it announced an investment of Rs 5,655.75 crore in Jio Platforms. Silver Lake bought a stake of around Rs. Silver Lake’s new investment values Reliance Jio Platforms at an enterprise value of Rs 5.16 lakh crore, the company said in a filing. Less than a fortnight after agreeing to sell close to 10% in Jio Platforms, ... California-based company: private equity firm Silver Lake will be acquiring just over 1% in Jio … The string of investments will go toward Ambani’s stated goal of slashing net debt to zero at Reliance Industries, an oil-refining, petrochemicals, retail and telecommunications conglomerate that’s India’s largest company. It also helps the company's aim of acquiring a debt-free status by March 2021. The deal marks a second investment above $1 billion by Silver Lake in a Reliance Industries group company. RIL and Jio in a joint statement on Monday said that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake. Global private equity major Silver Lake Partners has entered into an agreement to acquire to invest Rs 5,655.75 crore in Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, in lieu of Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. What to Know About Vaccine-Linked Deaths, Allergies, Apple Plans Thinner MacBook Air With Magnetic Charger in Mac Lineup Reboot, GameStop Record Run Gives Win to Reddit Army in Citron Clash, Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend, Hong Kong Imposes First Covid Lockdown in Kowloon Area. Updates with other U.S. investments in India from third paragraph. This is the second tranche received by Reliance industries’ digital unit from Silver Lake in the last one month making its total bet in Jio to Rs 10,202.55 crore. Silver Lake will take 1.15% stake in Jio Platforms which is now valued at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. The Silver Lake deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 percent of the digital unit of RIL Private equity firm Silver Lake will invest ₹ 5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹ 4.9 trillion, a 12.5% premium to the Facebook deal. With this investment, Silver Lake’s investment in Jio Platforms has increased to INR 10,202.55 Cr, acquiring a 2.08% equity stake in Jio Platforms on a fully diluted basis. Jio: Το success story της Ινδίας που μάζεψε 21 δισ. The digital unit has now raised about $12 billion in less than six weeks from a lineup of marquee buyers including Facebook Inc. and U.S. buyout firm KKR & Co. Silver Lake’s additional investment will translate into a 2.08% equity stake in Jio on a fully diluted basis. Silver Lake's investment, at a 12.5 per cent premium to the equity valuation of the Facebook deal, gives it slightly more than a 1 per cent stake in Jio Platforms. Facebook said that other than offering the capital to Jio Platforms for a 9.99% stake in the firm, it would work with the Indian giant on a number of areas starting with e-commerce. And, they are honored to have partnered with Jio to help them get once step closer toward the digital goal. Silver Lake has made several investments this year. Reliance Jio Platforms, which began its commercial operation in the second half of 2016, upended the local telecom market by offering bulk of 4G data and voice calls for six months to users at no charge. In 2020, that pivot really kicked into overdrive. Silver Lake’s additional investment in Jio platforms, within a span of six 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. With this investment, Silver Lake’s investment in Jio Platforms has increased to INR 10,202.55 Cr, acquiring a 2.08% equity stake in Jio Platforms on a fully diluted basis. Security lapse at India’s Jio exposed coronavirus symptom checker results, This is the second investment Silver Lake is making in an Indian firm. Updated: 09 Sep 2020, 09:31 PM IST Pallavi Pengonda , Mobis Philipose In the company’s earnings call last week, Ambani said several firms had expressed interest in buying stakes in Jio Platforms, in which he has poured over $30 billion over the years, in wake of the deal with Facebook. ; Where Jio … Silver Lake has earlier invested Rs. The Silver Lake deal is the latest in a series of fund-raising plans by Chairman Mukesh Ambani, 63, as the tycoon seeks to bolster investor confidence shaken by … The outside money has also helped set a valuation for Jio as it prepares for a listing. The deal follows Silver Lake’s initial investment of 56.6 billion rupees in the company announced last month. The stake for Silver Lake will stand at 1.15% in Jio Platforms. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […] Silver Lake … The U.S. private equity firm said Friday it is buying an additional stake … The Silver Lake deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 percent of the digital unit of RIL. Last month it invested in Expedia and Airbnb. "Silver Lake … Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $65 billion, a 12.5% premium* to the valuation implied by the Facebook investment. Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. Jio Platforms is the subsidiary of Reliance Industries with over 388 million subscribers. The transaction would give Jio Platforms an equity value of 4.9 trillion rupees ($65 billion), the Indian company said.The Silver Lake deal is the latest in a series of fund-raising plans by Chairman Mukesh Ambani, 63, as the tycoon seeks to bolster investor confidence shaken by the coronavirus pandemic. Reliance Jio on Monday announced that the US-based equity firm Silver Lake would be investing a sum of ₹ 5,655.75 crore into Jio Platforms. Egon Durban, co-chief executive and managing partner of Silver Lake said that Jio has extraordinary engineering capabilities. Before it's here, it's on the Bloomberg Terminal. American investment firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. The fresh investment in Jio Platforms comes less than a fortnight after Mark Zuckerberg-founded Facebook said it would invest $5.7 billion, or Rs 43,574 crore, for a 9.9 per cent stake in Jio Platforms. 5,656 crores in Jio Platforms Reliance Jio has secured around $12 billion in less than six weeks Jio now enjoys an … Other recent investments into Jio … A transaction would add to the $8 billion of investments that Jio has sealed in the past month. Days later, JioMart, an e-commerce venture run by India’s most valued firm, began testing an “ordering system” on WhatsApp, the most popular smartphone app in India with over 400 million active users in the world’s second largest internet market. After the latest deal, the aggregate investment by Silver Lake and its co-investors in Jio Platforms, a unit of Mukesh Ambani owned Reliance Industries (RIL) stands at INR 10,202.55 cr. The Silver Lake deal gives Jio Platforms a valuation of $65 billion, some 12.5% higher than the figure implied by the Facebook deal. “ Jio platform is a combination of Reliance telecom, Jio Infocomm, and the company’s music and video streaming apps. The U.S. online retailer is in early-stage discussions to buy about a 5% holding in the Indian wireless operator, Reuters said, citing unidentified people. A group led by Silver Lake Partners agreed to invest another 45.5 billion rupees ($602 million) in Indian conglomerate Reliance Industries Ltd.’s digital arm, in … A subsidiary of Reliance Industries (India’s most valuable firm by market value), Jio Platforms has amassed 388 million subscribers since its launch to become the nation’s top telecom operator. Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. Earlier Friday, Reliance announced that Abu Dhabi sovereign wealth fund Mubadala Investment Co. will invest $1.2 billion in Jio Platforms. The investment gives Silver Lake slightly more than a 1 percent stake in Jio Platforms that includes Reliance's Jio Infocomm, its music, as well as video streaming apps. American technology and investment giants have been buying into Indian companies to build their presence in Asia’s second-most populous nation. Η εταιρεία που αξίζει σήμερα 76,5 δισ. Facebook Inc. in April agreed to pay $5.7 billion for a 10% stake in the digital unit, while Silver Lake and Vista Equity Partners said they would invest about $2.25 billion in total in two separate transactions this week. In March, it invested $1 billion in Twitter and co-led a round in Waymo. Jio Platforms, previously known as just Jio, also runs a suite of services including music streaming service JioSaavn (which has plans to become a public company), smartphones, broadband business, on-demand live television service JioTV, and payments service JioPay. A group led by Silver Lake Partners agreed to invest another 45.5 billion rupees ($602 million) in Indian conglomerate Reliance Industries Ltd.’s digital arm, in the latest vote of confidence in billionaire Mukesh Ambani’s online push. Silver Lake: The deal comes days after Facebook said it would spend $5.7 billion to buy a 9.99 per cent stake in Jio Platforms. Its net profit in the quarter that ended on March 31 fell by 37%. Its core business, oil refining and petrochemicals, has been hard hit amid the coronavirus outbreak. Jio realized the importance of digital services and thus targeted low-cost digital services for mass consumers. Silver Lake’s valuation for Reliance Retail is not gold-plated, unlike Jio 2 min read . American investment firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. από FB, Silver Lake και Google σε λίγους μήνες Silver Lake’s valuation for Reliance Retail is not gold-plated, unlike Jio 2 min read . The Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund are also in advanced talks to buy stakes in Jio Platforms, people familiar with the matter said earlier. It’s now valued at about $65 billion. Silver Lake's Jio investment. U.S. investment firm Silver Lake has invested 56.56 billion Indian rupees ($746 million) into Indian digital services firm Jio Platforms Ltd, less … Updated: 09 Sep 2020, 09:31 PM IST Pallavi Pengonda , Mobis Philipose Silver Lake is an American equity firm that invests heavily in technology companies. 5,655.75(Moneycontrol) crore in Jio Platforms. The Silver Lake deal pushed Reliance Jio's enterprise value up to ₹ 5.15 lakh crore which represents a 12.5% premium to the equity valuation of the Facebook investment. RIL and Jio in a joint statement on Monday said that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake. 6. The Silver Lake deal gives Jio Platforms a valuation of $65 billion, some 12.5% higher than the figure implied by the Facebook deal. Private equity firm Silver Lake will invest ₹ 5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹ 4.9 trillion, a 12.5% … The latest deal values Jio Platforms at “an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment…," said the statement. The Silver Lake deal is the latest in a series of fund-raising plans by Chairman Mukesh Ambani, 63, as the tycoon seeks to bolster investor confidence shaken by … According to a PTI report, RIL has also been in talks with Saudi Aramco for sale of a 20% stake in its oil-to-chemical business for an asking amount of $15 billion. The market potential they are addressing is enormous, and we are honored and pleased to have been invited to partner with Mukesh Ambani and the team at Reliance and Jio to help further the Jio mission,” said Egon Durban, co-chief executive and managing partner at Silver Lake, in a statement. Private equity firm Silver Lake Partners will invest Rs 5,655.75 crore for 1.15 percent stake in Reliance Jio Platforms, the technology arm of Reliance Industries. The investment gives Silver Lake slightly more than a 1 percent stake in Jio Platforms that includes Reliance's Jio Infocomm, its music, as well as video streaming apps. The latest deal values Jio Platforms at “an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment…," said the statement. Reliance Industries has confirmed that investment firm Silver Lake will invest Rs 5,655.75 crore into Jio Platforms. *It’s unclear what class of shares Jio Platforms has agreed to sell to Silver Lake; if it’s the same as what Facebook has received, the urgency of the investment at a premium suggests Jio could be headed to an IPO, or engaging in several more major investments in the coming weeks — or both. The deal with Silver Lake gave Reliance Jio more equity to expand its services. Silver Lake is one of the most respected voices in technology and finance. The deal values Jio at $65.95(Rs.5.15 lakh crore) billion at a 12.5% premium to the value indicated by Facebook. 5. Have a confidential tip for our reporters? The latest stake sale comes amid a report that Amazon.com Inc. is in preliminary talks to buy a stake in No. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore.. 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