Private equity firm Vista Equity Partners will invest Rs 11,367 crore in Jio Platforms for a 2.32% stake. This comes close on the heels of Facebook and Silver Lake's share acquisition plans over the last two weeks.
With the current deal, Jio Platforms would have garnered Rs 60,596 crore for the stake in Jio Platforms. It is likely that the deal would help Reliance Industries pare its debt.
Shares in Reliance Industries have been rallying constantly ever since the stake sale, despite poor market conditions. It is likely that the share would once again open higher.