Corporate News- American Company Silver Lake bought a 1.15% stake in Reliance.Invested 5655 crores.

Financial News
To repay the debt, Reliance Industries is raising funds through physical investment.





Jio Platform Limited announced on Monday that the American company silver lake will invest Rs 5655.75 crore in the Jio platform.  This investment has been made on the equity value of the Jio platform Rs 4.90 lack crore and enterprise value at Rs 5.15 lack crore. With this investment, Silver Lake will have a 1.15% stake in Jio. As mentioned in the financial news, Last month, Facebook invested Rs 43574 crore in the Jio platform.


In the board meeting of Reliance Industries, it has been decided to sell more than a 10% stake of the Jio platform. In August last year, Chairman of Reliance Industries Mukesh Ambani announced to make the company debt-free by March 2021. Therefore Reliance is selling its stake. Reliance has tied up with BP in the retail business apart from Aramco.













Reliance Industries has set a target of raising more than Rs 1 lakh crore in the middle of the first quarter of the current financial year. This includes Facebook, Aramco, and BP investment. Now the investment of Silver Lake has also been included. Silver Lake is a US-based private equity firm that invests in tech companies around the world.

Read all Jio investment News 
https://businessdip.blogspot.com/2020/05/reliance-right-issue-information.html
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https://businessdip.blogspot.com/2020/05/another-investment-made-in-reliance-jio.html
https://businessdip.blogspot.com/2020/05/another-investment-made-in-reliance-jio.html