# Silver Lake to invest an additional ₹4,546.80 crore in Reliance Jio | Tech News (HT Tech)
> With this investment, Jio Platforms has raised ₹92,202.15 crore from leading technology investors in less than six weeks.
# Silver Lake to invest an additional ₹4,546.80 crore in Reliance Jio
## With this investment, Jio Platforms has raised ₹92,202.15 crore from leading technology investors in less than six weeks.
Aug 20 2022, 21:23 IST
### By HT TECH
Just after announcing a ₹9,093.60 crore deal with Abu Dhabi-based investor Mubadala today morning, Reliance Industries Limited (RIL) has announced that Silver Lake is going to invest an additional ₹4,546.80 crore in Jio Platforms.
Silver Lake’s additional investment comes after the company invested ₹5,655.75 crore in Jio Platforms on May 4 this year. This brings the aggregate investment by Silver Lake and its co-investors to ₹10,202.55 crore.
Silver Lake’s investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. The additional investment made now translates into a 2.08% equity stake in Jio Platforms on a fully diluted basis, up from the 1.15% it owned earlier thanks to the deal made on May 4.
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With this investment, Jio Platforms has raised ₹92,202.15 crore from leading technology investors in less than six weeks. This is what the company-wise breakup looks like right now.
“Silver Lake and its co-investors are valued partners as we continue to grow and transform the Indian digital ecosystem for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships, as we drive the Indian Digital Society’s transformation. I would like to emphasise that Silver Lake’s additional investment in Jio Platforms, within a span of five weeks during the Covid-19 pandemic, is a strong endorsement of the intrinsic resilience of the Indian economy, which will surely grow bigger with comprehensive digital enablement,” Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd, said.
A pie-chart to explain the company-wise breakup of shares. (RIL)
A pie-chart to explain the company-wise breakup of shares. (RIL)
“We are excited to increase our exposure and bring more of our co-investors into this opportunity, further supporting Jio Platforms in its mission to bring the power of high-quality and affordable digital services to a mass consumer and small businesses population. The investment momentum behind Jio validates a compelling business model and underscores our admiration for Mukesh Ambani, his team and their courageous vision in creating and building one of the world’s most remarkable technology companies,” Egon Durban, Silver Lake Co-CEO and Managing Partner, said.
Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. Latham & Watkins LLP, Shardul Amarchand Mangaldas & Co and Simpson Thacher & Bartlett LLP acted as legal counsels to Silver Lake.
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05 Jun, 22:40 IST
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