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Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

Deal part of RIL plan to unlock 19% stake in Jio to become debt-free

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After the two earlier deals with Facebook and Silver Lake and now the deal with Vista, RIL has already raised Rs 60,596 crore for a total 13.37 per cent stake in JPL

Surajeet Das Gupta New Delhi

3 min read Last Updated : May 09 2020 | 2:02 AM IST

Reliance Industries (RIL) has targeted the unlocking of value of over Rs 87,148 crore, which translates into over 19 per cent of its stake in Jio Platforms (JPL), as part of its plan to become a debt-free group.

To achieve this goal, the company on Friday announced its third deal in which Vista Equity Partners will invest Rs 11,367 crore in JPL in return for a 2.3 per cent stake in it.

After the two earlier deals with Facebook and Silver Lake and now the deal with Vista, RIL has already raised Rs 60,596 crore for a total 13.37 per

Topics : Reliance Industries Reliance Jio

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