Jio

Jio/ Facebook

Jio Platforms raises extra $602 million from Silver Lake, its 7th deal in 6 weeks

Reliance Industries has announced that US private equity fund Silver Lake and its co-investors will invest an additional $602 million in Jio Platforms. The investment comes on top of the $749 million Silver Lake committed to Jio Platforms. Reliance has now sold a nearly 20% stake in Jio Platforms in seven fundraising deals in six weeks, raising $12.2 billion.

Sat, 06 Jun 2020 - 06:57 PM / by Harsh V Singh

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