For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Vista Equity Partners To Invest Rs 11,367 Crore In Jio Platforms

|

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.

Vista Equity Partners To Invest Rs 11,367 Crore In Jio Platforms
 
Read more about: reliance jio
Story first published: Friday, May 8, 2020, 7:30 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more