Jio get additional Rs 4,546 Cr from Silver Lake, co-investors after initial Rs 5,655 Cr

Reliance Jio on Saturday anunced that American private equity giant Silver Lake has me an ditional investment of Rs 4,546.80 crore in Indian telecom leer. Earlier, Silver Lake h invested Rs 5,655.75 crore in Jio which was anunced by Reliance, around a month back, on May 4.  aggregate investment by Silver Lake and its co-investors stands at Rs 10,202.55 crore.

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"Silver Lake and its co-investors are valued partners as we continue to grow and transform Indian digital ecosystem for benefit of all Indians. We are pleased to have ir confidence and support, as well as benefit of ir leership in global techlogy investing and ir valued network of relationships, as we drive Indian Digital Society's transformation," said Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd.

"I would like to emphasise that Silver Lake's ditional investment in Jio Platforms, within a span of five weeks during COVID-19 pandemic, is a strong endorsement of intrinsic resilience of Indian ecomy, which will surely grow bigger with comprehensive digital enablement," he ded.

Commenting on investment, Egon Durban, Silver Lake Co-CEO and Managing Partner, stated, "We are excited to increase our exposure and bring more of our co-investors into this opportunity, furr supporting Jio Platforms in its mission to bring power of high-quality and affordable digital services to a mass consumer and small businesses population. investment momentum behind Jio validates a compelling business model and underscores our miration for Mukesh Ambani, his team and ir courous vision in creating and building one of world's most remarkable techlogy companies."

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A day earlier, Reliance anunced Abu Dhabi based Mubala was investing Rs 9,093 crore in Jio Platforms to buy 1.85% equity stake,  sixth such investment in quick succession.

first one to invest in Reliance Jio was social media giant Facebook, followed by private investment firms Silver Lake, Vista Equity Partners and General Atlantic. With investment of Mubala and latest, Silver Lake ditional investment, Jio Platforms has raised a consolidated investment amounting at Rs 92,202.15 crore in less than six weeks.