India's giant Reliance Industries Ltd has a seventh investment in Jio Platforms in six weeks. Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms. This investment was announced by Silver Lake on May 4, 2020 at Rs 5,655.75 crore. In addition, the investment of Silver Lake and its co-investors in Jio Platforms will be Rs 10,202.55 crore. Silver Lake's investment has valued Jio Platforms at Rs 4.91 lakh crore and Enterprise Value at Rs 5.16 lakh crore. With this investment, Silver Lake will buy 2.08 percent stake in Jio Platforms.

For your information, let us tell you that with this latest funding, Jio Platforms has raised Rs 92,202.15 crore from investors in the big tech sector in less than six weeks. Apart from Silver Lake, American private equity company in Jio Platforms Mubadala, Facebook , Vista Equity Partners, General Atlantic and KKR have also invested. Silver Lake is considered to be the world's largest tech investor company. Silver Lake has also invested in companies like Twitter, Alibaba, Alphabet's Waymo, etc. Silver Lake. Manages over 40 billion dollars of assets worldwide.

Also commenting on the overall investment made by Silver Lake, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited said, "Silver Lake and its co-investors are valuable partners. I would like to emphasize that Kovid- Silver Lake's additional investment in Jio platforms within five weeks during the 19th pandemic is a sign of their confidence in the Indian economy. "

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