May 8, 2020 / 2:23 AM / 18 days ago

India's Reliance says Vista Equity to invest $1.50 bln in digital arm

May 8 (Reuters) - India’s Reliance Industries Ltd said on Friday private equity firm Vista Equity Partners would invest 113.67 billion rupees ($1.50 billion) in its Jio platforms for a 2.32% stake.

“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,” Reliance said in a statement.

Facebook Inc and Silver Lake have already announced plans to take stakes in Jio. ($1 = 75.7850 Indian rupees)

Reporting by Juby Babu in Bengaluru; Editing by Anil D'Silva

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