Reliance Industries (RIL) announced that The Public Investment Fund (PIF) will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Jio Platforms has raised Rs 115,693.95 crore from global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 2020.
