BREAKING NEWS
No CM can remain absent for long, it’s against national interest: Delhi HC on Kejriwal
UGC-NET postponed to June 18 to avoid clash with UPSC prelims
Heatwave threat: Orange alert issued for 17 districts in Karnataka
PCB finalises Lahore, Karachi, Rawalpindi as venues for Champions Trophy
Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
Chhattisgarh: 9 killed, 23 injured as goods vehicle collides with truck in Bemetara district
Kharge authorised to decide Amethi, Raebareli candidates: Congress
Padubidri: Man thrashes bus driver in road rage incident
SC extends stay on proceedings in hate speech case against TN BJP chief K Annamalai
Focus on KL Rahul to prove himself ahead Indian team selection when LSG take on MI
Congress is planning religion-based quota, I will not let this happen: PM Modi at Karnataka rally
LS polls 2024: Setback for Congress in Indore — Party nominee Akshay Bam withdraws candidature
CET 2024: 50 questions to be dropped; no re-examination
T20 World Cup: NZ squad announced; Ravindra, Henry first-timers in Williamson-led team
This party wants to be voice of ‘mard’ in LS polls
After Facebook, Silver Lake invests Rs 5,656 cr in Jio Platforms
PTI, May 4, 2020, 9:43 AM IST
New Delhi: Leading global tech investor Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy a 1.15 percent stake in the firm that houses billionaire Mukesh Ambani’s telecom arm Jio.
The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 per ent to the Facebook deal.
“This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020,” Reliance said in a statement.
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