Vista to invest Rs 11,367 crore for a 2.32% stake in Jio Platforms

Avatar of Esmail Beguwala

By Esmail Beguwala

1 minute read

No comments

Share article:

Follow us
Jio-SIM-Bundle

After Facebook and Silver Lake, Reliance Industries has announced its third equity stake sale in Jio Platforms in the last three weeks. This time Vista Equity Partners (Vista) has invested Rs 11,367 crore for a 2.32% stake in Jio Platforms which values the company’s equity value at ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.

Jio Platforms is set to raise a total of Rs 60,596.37 crore from the 3 stake sale deals in the past 3 weeks. Jio Platforms comprises of Jio Infocomm which serves over 388 million subscribers on its nation wide 4G network along with its digital apps ecosystem. The transaction is subject to regulatory and other customary approvals the company said.

“We believe in the potential of the Digital Society that Jio is building for India. Mukesh’s vision as a global pioneer, alongside Jio’s world-class leadership team, have built a platform to scale and advance the data revolution it started. We are thrilled to join Jio Platforms to deliver exponential growth in connectivity across India, providing modern consumer, small business, and enterprise software to fuel the future of one of the world’s fastest-growing digital economies.”

Commenting on the investment, Robert F. Smith, Founder, Chairman and CEO of Vista, said

Vista is a leading global investment firm focused on empowering and growing enterprise software, data, and technology-enabled companies that are reinventing industries and catalyzing change. Vista which has more than $57 billion in cumulative capital commitments and its global network of companies collectively represents the 5th largest enterprise software company in the world, with 20 years of investing experience exclusively in enterprise software.

Currently, Vista portfolio companies have a significant presence in India with over 13,000 employees. This investment by Vista, which exclusively focuses on enterprise software, data, and technology-enabled companies, showcases its interest in Jio’s digital ecosystem powered by leading technologies, such as Broadband connectivity, Smart Devices, Cloud and Edge Computing, Big Data Analytics, Artificial Intelligence, Internet of Things, Augmented and Mixed Reality and Blockchain.

Share article:

Follow us
Avatar of Esmail Beguwala

Esmail Beguwala

Senior Editor

226 articles published
Esmail is passionate about the Telecom spectrum, Broadband data services, and video streaming devices. You can find him binge-watching shows on OTT apps while sipping a cup of coffee when not writing an article.

Related articles

Visit our forums

Join the discussions with thousands of active members who share the same interests as you and learn something new…

Leave a Comment