<p>In yet another big investment, Reliance Industries Limited and Jio Platforms Limited announced that Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms. </p>.<p>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’s investment will translate into a 2.32% equity stake in <br />Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. </p>.<p>Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks. </p>.<p>Jio Platforms is a wholly-owned subsidiary of Reliance Industries Limited. It is said to provide a connectivity platform to over 388 million subscribers. </p>.<p>Vista, a leading global investment firm, 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. </p>.<p>Commenting on the transaction with Vista, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said, “In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential of a Digital Indian Society. We are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio.”</p>.<p>Robert F Smith, Founder, Chairman and CEO of Vista, said, “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.”</p>
<p>In yet another big investment, Reliance Industries Limited and Jio Platforms Limited announced that Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms. </p>.<p>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’s investment will translate into a 2.32% equity stake in <br />Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. </p>.<p>Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks. </p>.<p>Jio Platforms is a wholly-owned subsidiary of Reliance Industries Limited. It is said to provide a connectivity platform to over 388 million subscribers. </p>.<p>Vista, a leading global investment firm, 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. </p>.<p>Commenting on the transaction with Vista, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said, “In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential of a Digital Indian Society. We are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio.”</p>.<p>Robert F Smith, Founder, Chairman and CEO of Vista, said, “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.”</p>
