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Silver Lake invests in Reliance Jio platform

Date: 05 May 2020 Tags: Miscellaneous
  • American private equity giant Silver Lake Partners has bought 1 percent of Jio Platforms for ? 5,655.75 crore ($750 million) in a deal that takes Jio's enterprise value to ? 5.15 lakh crore.
  • Silver Lake  shot into prominence after acquiring PC maker Dell Inc along with Michael Dell in 2013. It  is a global leader in technology investing, with over $43 billion in combined assets under management and committed capital.
  • Since its launch three years ago, Jio  has grown at a sprinter’s pace to become India’s largest telecom company. It has accumulated some 340 million customers through a barrage of innovations, including offering cut-throat mobile internet prices and a diverse suite of products and including chat services, movies, games and music.