Its net profit in the quarter that ended on March 31 fell by 37%. The Silver Lake deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 percent of the digital unit of RIL. Silver Lake, the well-known and well-funded private equity firm, announced earlier this week that they would invest in Jio Platforms, an Indian-based telecommunications and digital services company. After the latest deal, the aggregate investment by Silver Lake and its co-investors in Jio Platforms, a unit of Mukesh Ambani owned Reliance Industries (RIL) stands at INR 10,202.55 cr. Silver Lake was the first US private equity firm to invest in Jio after tech giant Facebook took a 9.99 per cent stake in the company for Rs 43,573.62 crore. Silver Lake bought a stake of around Rs. Silver Lake’s backing for Jio values the telecoms company at $65bn, a premium of 12.5 per cent to the valuation implied by the Facebook deal. Silver Lake's Jio investment. The U.S. private equity firm said Friday it is buying an additional stake … Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. Jio realized the importance of digital services and thus targeted low-cost digital services for mass consumers. The fresh investment in Jio Platforms comes less than a fortnight after Mark Zuckerberg-founded Facebook said it would invest $5.7 billion, or Rs 43,574 crore, for a 9.9 per cent stake in Jio Platforms. With this investment, the valuation of Jio now stands at $65 billion with a 12.5 percent premium to the value after Facebook’s investment. Security lapse at India’s Jio exposed coronavirus symptom checker results, This is the second investment Silver Lake is making in an Indian firm. Before it's here, it's on the Bloomberg Terminal. Its core business, oil refining and petrochemicals, has been hard hit amid the coronavirus outbreak. Silver Lake has made several investments this year. American investment firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. Jio Platforms, previously known as just Jio, also runs a suite of services including music streaming service JioSaavn (which has plans to become a public company), smartphones, broadband business, on-demand live television service JioTV, and payments service JioPay. Η εταιρεία που αξίζει σήμερα 76,5 δισ. I would like to emphasise that Silver Lake’s additional investment in Jio Platforms, within a span of five weeks during the COVID-19 pandemic, is a strong endorsement of the intrinsic resilience of the Indian economy, which will surely grow bigger with comprehensive digital enablement. Updated: 09 Sep 2020, 09:31 PM IST Pallavi Pengonda , Mobis Philipose A group led by Silver Lake Partners agreed to invest another 45.5 billion rupees ($602 million) in Indian conglomerate Reliance Industries Ltd.’s digital arm, in … The deals with Facebook and Silver Lake should help Ambani further cement his last year’s commitment to investors when he said he aimed to cut Reliance’s net debt of about $21 billion to zero by early 2021. Earlier Friday, Reliance announced that Abu Dhabi sovereign wealth fund Mubadala Investment Co. will invest $1.2 billion in Jio Platforms. Silver Lake will invest Rs5,655.75 crore ($750 million) for a 1.1 percent stake in Jio Platforms at an enterprise value of Rs5,15,000 crore. RIL and Jio in a joint statement on Monday said that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake. Egon Durban, co-chief executive and managing partner of Silver Lake said that Jio has extraordinary engineering capabilities. The Silver Lake deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 percent of the digital unit of RIL Silver Lake may have a smaller stake in Reliance Jio than Facebook but its role may be pivotal to making Mukesh Ambani ’s e-commerce goals come to fruition. The outside money has also helped set a valuation for Jio as it prepares for a listing. The deal values Jio at $65.95(Rs.5.15 lakh crore) billion at a 12.5% premium to the value indicated by Facebook. Silver Lake will take 1.15% stake in Jio Platforms which is now valued at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. American investment firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore. The deal marks a second investment above $1 billion by Silver Lake in a Reliance Industries group company. According to a PTI report, RIL has also been in talks with Saudi Aramco for sale of a 20% stake in its oil-to-chemical business for an asking amount of $15 billion. Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. A subsidiary of Reliance Industries (India’s most valuable firm by market value), Jio Platforms has amassed 388 million subscribers since its launch to become the nation’s top telecom operator. 5,655.75(Moneycontrol) crore in Jio Platforms. Days later, JioMart, an e-commerce venture run by India’s most valued firm, began testing an “ordering system” on WhatsApp, the most popular smartphone app in India with over 400 million active users in the world’s second largest internet market. 6. Silver Lake’s additional investment will translate into a 2.08% equity stake in Jio on a fully diluted basis. RIL and Jio in a joint statement on Monday said that US private equity firm Silver Lake will invest Rs 5,655.75 crore in Jio Platforms for a 1.15% stake. Silver Lake’s investment includes: An investment of $746.8 million in Jio Platforms with an approximate 1.15% stake at a valuation of $65 billion; 12.5% premium to … The Silver Lake deal gives Jio Platforms a valuation of $65 billion, some 12.5% higher than the figure implied by the Facebook deal. "Silver Lake … A group led by Silver Lake Partners agreed to invest another 45.5 billion rupees ($602 million) in Indian conglomerate Reliance Industries Ltd.’s digital arm, in the latest vote of confidence in billionaire Mukesh Ambani’s online push. The latest deal values Jio Platforms at “an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment…," said the statement. According to a press release by Reliance Industries, Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore, and will translate into a 2.08% equity stake in Jio Platforms on a fully diluted basis. The Silver Lake deal assesses Jio Platforms at “an equity value of Rs 4.9 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment,” Reliance and Jio Platforms said in a joint statement on Monday. Reliance Jio says this investment by Silver Lake is further testament to the world-class digital platform that Jio has built, 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. The Silver Lake deal gives Jio Platforms a valuation of $65 billion, some 12.5% higher than the figure implied by the Facebook deal. It also helps the company's aim of acquiring a debt-free status by March 2021. 5. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation.”. Silver Lake to invest $747M in India’s Jio Platforms. The investment gives Silver Lake slightly more than a 1 percent stake in Jio Platforms that includes Reliance's Jio Infocomm, its music, as well as video streaming apps. Private equity firm Silver Lake has announced plans to invest Rs 56.56 billion Indian rupees in Jio Platforms for a 1.15 percent stake in the Indian telecom giant. Updated: 09 Sep 2020, 09:31 PM IST Pallavi Pengonda , Mobis Philipose A transaction would add to the $8 billion of investments that Jio has sealed in the past month. Silver Lake’s valuation for Reliance Retail is not gold-plated, unlike Jio 2 min read . Silver Lake's investment, at a 12.5 per cent premium to the equity valuation of the Facebook deal, gives it slightly more than a 1 per cent stake in Jio Platforms. In the company’s earnings call last week, Ambani said several firms had expressed interest in buying stakes in Jio Platforms, in which he has poured over $30 billion over the years, in wake of the deal with Facebook. The Silver Lake deal pushed Reliance Jio's enterprise value up to ₹ 5.15 lakh crore which represents a 12.5% premium to the equity valuation of the Facebook investment. Jio Platforms, the technology arm of India’s most valued company, Reliance Industries (RIL), has raised Rs5,655.75 crore ($747 million) from US private equity giant Silver Lake. The Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund are also in advanced talks to buy stakes in Jio Platforms, people familiar with the matter said earlier. Corporates Edited by Peter Noronha Updated: May 04, 2020 12:16 pm IST Facebook said that other than offering the capital to Jio Platforms for a 9.99% stake in the firm, it would work with the Indian giant on a number of areas starting with e-commerce. Global private equity major Silver Lake Partners has entered into an agreement to acquire to invest Rs 5,655.75 crore in Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, in lieu of Reliance Jio Platforms, which began its commercial operation in the second half of 2016, upended the local telecom market by offering bulk of 4G data and voice calls for six months to users at no charge. Silver Lake will not get status of member of board. In 2013, it invested in Bangalore-based commodity trading and risk management software startup Eka. Updates with other U.S. investments in India from third paragraph. The digital unit has now raised about $12 billion in less than six weeks from a lineup of marquee buyers including Facebook Inc. and U.S. buyout firm KKR & Co. The string of investments will go toward Ambani’s stated goal of slashing net debt to zero at Reliance Industries, an oil-refining, petrochemicals, retail and telecommunications conglomerate that’s India’s largest company. Silver Lake's Jio investment. The latest stake sale comes amid a report that Amazon.com Inc. is in preliminary talks to buy a stake in No. With this investment, Silver Lake’s investment in Jio Platforms has increased to INR 10,202.55 Cr, acquiring a 2.08% equity stake in Jio Platforms on a fully diluted basis. U.S. investment firm Silver Lake has invested 56.56 billion Indian rupees ($746 million) into Indian digital services firm Jio Platforms Ltd, less … The Silver Lake deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 percent of the digital unit of RIL In 2020, that pivot really kicked into overdrive. Earlier this week, Silver Lake – a US-based private equity firm which invests in technology, technology-enabled and related industries – acquired a 1.15 per cent stake after it announced an investment of Rs 5,655.75 crore in Jio Platforms. The market potential they are addressing is enormous, and we are honored and pleased to have been invited to partner with Mukesh Ambani and the team at Reliance and Jio to help further the Jio mission,” said Egon Durban, co-chief executive and managing partner at Silver Lake, in a statement. This is the second investment Silver Lake is making in an Indian firm. The Silver Lake deal is the latest in a series of fund-raising plans by Chairman Mukesh Ambani, 63, as the tycoon seeks to bolster investor confidence shaken by … Jio Platforms is the subsidiary of Reliance Industries with over 388 million subscribers. The latest deal helps bolster Ambani’s plan to shift his conglomerate away from oil and petrochemicals toward faster-growing consumer businesses. Silver Lake is an American equity firm that invests heavily in technology companies. Commenting on the transaction, Mukesh Ambani, chairman and managing director of Reliance Industries, said, “Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. *It’s unclear what class of shares Jio Platforms has agreed to sell to Silver Lake; if it’s the same as what Facebook has received, the urgency of the investment at a premium suggests Jio could be headed to an IPO, or engaging in several more major investments in the coming weeks — or both. Reliance Jio on Monday announced that the US-based equity firm Silver Lake would be investing a sum of ₹ 5,655.75 crore into Jio Platforms. U.S. private equity firm buys additional stake in Reliance arm, Billionaire Mukesh Ambani attracts investors for online push. This is the second tranche received by Reliance industries’ digital unit from Silver Lake in the last one month making its total bet in Jio to Rs 10,202.55 crore. With Facebook recently announcing an investment of $5.7 billion in India’s mainstream telecom operator, Jio Platforms, the PE firm Silver Lake, is following suit and ready to pay a premium. Private equity firm Silver Lake will invest ₹ 5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹ 4.9 trillion, a 12.5% … e-commerce venture run by India’s most valued firm. Silver Lake's investment, at a 12.5 per cent premium to the equity valuation of the Facebook deal, gives it slightly more than a 1 per cent stake in Jio Platforms. With this investment, Silver Lake’s investment in Jio Platforms has increased to INR 10,202.55 Cr, acquiring a 2.08% equity stake in Jio Platforms on a fully diluted basis. Jio Platforms is the subsidiary of Reliance Industries with over 388 million subscribers. Jio Platforms combines Reliance’s digital assets with its wireless carrier, Reliance Jio Infocomm Ltd., into a holding company aimed at becoming a top e-commerce and payments operator in the vast Indian market. 5,656 crores in Jio Platforms Reliance Jio has secured around $12 billion in less than six weeks Jio now enjoys an … ; Where Jio … in Bangalore-based commodity trading and risk management software startup Eka. από FB, Silver Lake και Google σε λίγους μήνες 4th May 2020. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore.. What to Know About Vaccine-Linked Deaths, Allergies, Apple Plans Thinner MacBook Air With Magnetic Charger in Mac Lineup Reboot, GameStop Record Run Gives Win to Reddit Army in Citron Clash, Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend, Hong Kong Imposes First Covid Lockdown in Kowloon Area. Silver Lake’s valuation for Reliance Retail is not gold-plated, unlike Jio 2 min read . This is the second tranche received by Reliance industries’ digital unit from Silver Lake in the last one month making its total bet in Jio to Rs 10,202.55 crore. The investment gives Silver Lake slightly more than a 1 percent stake in Jio Platforms that includes Reliance's Jio Infocomm, its music, as well as video streaming apps. And, they are honored to have partnered with Jio to help them get once step closer toward the digital goal. Silver Lake has earlier invested Rs. 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