The investments from GIC and TPG value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
Silver Lake-Reliance Retail Deal: This latest investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore.
Deal with Silver Lake marks the beginning of monetisation in Reliance Retail
Addressing company's shareholders at RIL's 43rd annual general meeting, Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani had hinted at partnering with global investors.
Reliance Jio: From Facebook to L Catterton, here's a list of all ten investors in Jio Platforms
In all, Jio has secured seven big investments in six weeks – Facebook, General Atlantic, Silver Lake, Vista Equity Partners, KKR and Mubadala.
The deal adds to a pile of funds raised by Jio in recent months and comes on the same day Abu Dhabi-based Mubadala Investment Company invested Rs 9,093.60 crore into Jio Platforms for a 1.85 percent stake
With the latest round, Jio Platforms has raised a total of Rs 92,202.15 crore from global technology and growth investors.
After seventh deal in six weeks, RIL's digital unit has raised Rs 92,202.15 crore in exchange for 19.9 percent from some of the world's leading technology investors.
KKR's is the fifth such infusion in Jio Platforms as, over the past one month, leading technology investors such as Facebook, Silver Lake, Vista and General Atlantic have announced aggregate investments into the company.
First, Facebook, then Vista and Silver Lake, and now General Atlantic. Jio continues to be a big draw for technology investors. The zero-debt goal for RIL has just got more fuel.
An Indian company has emerged as the torchbearer of our nation’s digital opportunity. Its shareholders stand to gain over the next decade
For Reliance Jio, garnering investments to the tune of $6.5 billion from two of the biggest players in their respective fields, in a pandemic-struck, chaotic economic environment is a significant achievement
Silver Lake backs some of the biggest global brands in sports entertainment ranging from football to mixed martial arts to live venue services
The deal, in the midst of the pandemic and at a premium to the Facebook investment, is another sign of confidence in Reliance Jio’s enormous potential
Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest Rs 5,655.75 crore into Jio Platforms.
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
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
Expedia's shares rose more than 6% in extended trading. The company's shares have fallen about 47% so far this year as global travel restrictions due to the coronavirus pandemic ground the travel and tourism industry to a virtual halt.
Airbnb on Monday announced it was taking a billion dollars in new investment to endure and, it hopes, thrive in a travel world transformed by the coronavirus pandemic.
The transaction marks the largest technology sector deal on record, topping U.S. chipmaker Avago Technologies' USD 37 billion offer for rival Broadcom. That deal is still in process.
Partnering with private equity house Silver Lake, the billionaire CEO Michael Dell offered USD 13.75 a share, plus a 13-cent special dividend, to take private the company he founded in a college dorm room in 1984, in what would be the biggest leveraged buyout since the financial crisis.