Moneycontrol's Sakshi Batra does a 3-Point Analysis on the three high-profile deals of Jio Platforms.
All credit goes to three back-to-back deals that took place in Jio Platforms, the 100 percent subsidiary of Reliance Industries
Reliance Industries and Jio Platforms on May 8 announced that Vista Equity Partners will invest Rs 11,367 crore into Jio Platforms.
Vista’s investment is at 12.5 percent premium over the Facebook deal announced in April.
Jio Platforms has now raised a massive Rs 60,596 crore from leading technology investors 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.
Vista Equity Partners now becomes the third biggest investor in Jio Platforms after Reliance Industries and Facebook.
Vista’s inflow is the third such high profile deal in Jio, after Facebook announced its investment in April, followed by Silver Lake Partners in May
Jio Platforms gets third high-profile investor after Facebook and Silver Lake. RIL’s digital unit has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.