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Silver Lake to invest $747M in India’s Jio Platforms

Silver Lake to invest $747M in India’s Jio Platforms

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/05/03/silver-lake-jio-platforms/

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit.

Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $65 billion, a 12.5% premium to the value implied by the Facebook investment.

Silver Lake to invest $747M in India’s Jio Platforms

May 4, 2020, 4:20am UTC
https://techcrunch.com/2020/05/03/silver-lake-jio-platforms/ > Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit. > Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian telecom network, giving it a valuation of $65 billion, a 12.5% premium to the value implied by the Facebook investment.