Reliance Industries (RIL) announced that Vista Equity Partners will pick up 2.32 percent stake for Rs 11,367 crore into Jio Platforms.
Facebook earlier announced $5.7 billion investment in RIL’s telecom unit by buying 9.99 percent stake.

Investment firm Silver Lake will invest $746.74 million in its digital arm for picking up less than 1 percent stake.

This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Vista will be the largest investor in Jio Platforms behind Reliance Industries and Facebook.

Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.

Vista is a global investment firm focused on empowering and growing enterprise software, data and technology enabled companies.

Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the fifth largest enterprise software company in the world. Vista portfolio companies have a significant presence in India with over 13,000 employees.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. Kirkland & Ellis and Shardul Amarchand Mangaldas & Co served as legal counsels to Vista.