Another deal signed in Reliance Jio.
US-based equity firm Vista Equity Partners has bought a 2.32 percent stake in Reliance Industries Ltd's digital platform Jio. According to the recent telecom updates this investment has been made on JIO's Platfrom's equity value of Rs 4.91 lack crore and an enterprise value of Rs 5.16 lack crore. Vista has now become the second-largest company to buy a stake in Reliance Jio.
Vista Equity Partners has estimated capital commitments of over 57 billion dollars. Its global network makes it the fifth-largest enterprise software company in the world. Vista has more than 13 thousand employees in India. Mr. Mukesh Ambani wants Reliance Jio to become a debt-free company. Under this, the stake of Reliance Jio is being sold. Mr. Mukesh Ambani has sold 13.46 stake of reliance Jio in 10 days.
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