MUMBAI: Despite the deepening financial crisis from Corona, there is continuous good news for Reliance Group. After Facebook in Reliance Industries' Jio Platforms, now the American equity company Silver Lake has decided to invest Rs 5,655.75 crore. The company has priced the shares of Jio Platforms by about 12.5 percent more than Facebook.
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Reliance Industries said in a statement that, "Given the serious economic problems in the world due to the Corona epidemic and especially in India, the investment of Silver Lake, one of the world's most reputable tech investors, holds great importance. It is noteworthy that Jio Platforms is a completely-owned subsidiary of Reliance Industries Limited. Similarly, Reliance Jio Infocomm Limited, which has about 38.8 crore subscribers, is a completely-owned subsidiary of this Jio platform.
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In terms of large-scale technology investment, Silver Lake in the US has a capital of about $ 40 billion. It has also invested in giants such as AIRBNB, Alibaba, Ant Financial, Dell Technology, Twitter. On April 22, a big deal was done in the world's largest social networking site Facebook and India's Reliance Jio. According to this deal, Facebook has announced an investment of more than 43 thousand crores in Reliance Jio Platforms.
