Here's Jio Platforms' valuation as Vista Equity Partners purchases Rs 11,367 cr stake

US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 11,367 crore, company anunced on Friday.

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Third investment in a month

"This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," company said in a statement.

Vista's investment will translate into a 2.32 per cent equity stake on a fully diluted basis, making Vista largest investor in Jio Platforms behind Reliance Industries and Facebook.

Facebook h bought 9.99 per cent stake in Jio Platforms - firm that houses India's youngest but biggest telecom firm, for Rs 43,574 crore. That deal was followed by Silver Lake - world's largest tech investor - buying 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore.

"Jio Platforms has w raised Rs 60,596.37 crore from leing techlogy investors in less than three weeks," statement said.

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Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation tech company that brings toger Jio's leing digital apps, digital ecosystems and high speed connectivity platform under one umbrella.

Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms.

Vista is a leing global investment firm focused on empowering enterprise software, data and techlogy enabled companies that are reinventing industries and catalyzing change. It has more than USD 57 billion in cumulative capital commitments and its global network of companies collectively represent 5th largest enterprise software company in world.

Currently, Vista portfolio companies have a significant presence in India with over 13,000 employees.

"I am delighted to welcome Vista, one of world's marquee tech investors globally as a valued partner. Like our or partners, Vista also shares with us same vision of continuing to grow and transform Indian digital ecosystem for benefit of all Indians," RIL Chairman and Managing Director Mukesh Ambani said.

Ambani furr said "we are excited to lever professional expertise and multi-level support that Vista has been offering to its investments globally for benefit of Jio."

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