US-Based Silver Lake To Invest Rs 5,656 Crore In Jio Platforms: Reliance Industries

Reliance Industries said on Monday that private equity firm Silver Lake will invest Rs 5,656 crore ($746.74 million) in its digital arm, giving it a valuation of Rs 4.90 lakh crore. The transaction is subject to regulatory and other customary approvals. The deal comes days after Facebook announced an investment of Rs 43,574 crore to buy a 9.99 per cent stake in Jio Platforms - the digital services entity that houses Reliance's teleco...