NEW DELHI (Reuters) – India’s Reliance Industries
That investment comes in addition to the 56.56 billion rupees which Silver Lake committed to Jio Platforms earlier this month.
Silver Lake’s new investment values Jio Platforms – the digital services entity that houses Reliance’s telecoms arm Jio Infocomm, its music and video streaming apps, at an enterprise value of 5.16 trillion rupees ($68.26 billion), Reliance said in a regulatory filing.
The investment also ups Silver Lake’s stake in Jio Platforms to 2.08% from the previous just over 1% stake.
(Reporting by Sankalp Phartiyal,)



