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Here's how Jio raised over Rs 60,596 crore in less than three weeks

Vista Equity Partners' 2.32 percent stake purchase is the third major investment received by Jio Platforms in less than three weeks, after deals with Facebook and Silver Lake Partners.

May 08, 2020 / 15:29 IST
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Jio Platforms on May 8 said it has raised Rs 60,596.37 crore (roughly $8.19 billion) from investors in less than three weeks.

Vista Equity Partners is the latest to show interest in Jio Platforms where it will invest Rs 11,367 crore for a 2.32 percent stake in Jio Platforms, a unit of Reliance Industries (RIL), as announced on May 8.

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This is the third major investment received by Jio Platforms in less than three weeks, after deals with social media giant Facebook and private equity firm Silver Lake Partners.

After the three high-profile deals, Facebook is Jio Platform's second largest shareholder after RIL. Vista Equity Partners is the third largest shareholder, while Silver Lake comes fourth.