Vista Equity Partners gets 2.32% stake in Reliance Jio through Rs 11,367 crore investment

Reliance Industries announced that Vista Equity Partners will invest Rs 11,367 crore into Jio. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. 

 

Vista’s investment will translate into a 2.32 per cent equity stake in Jio Platforms, making it the largest investor in Jio behind Reliance Industries and Facebook. 

 

Jio Platforms has now raised Rs 60,596.37 crore in the last three weeks after deals with Facebook and Silver Lake.

 

Vista is a global investment firm focused on empowering and growing enterprise software, data and technology enabled companies. 

 

According to a statement from Reliance Industries, Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the fifth largest enterprise software company in the world. 

 

Currently, Vista portfolio companies have a significant presence in India with over 13,000 employees.

 

Mukesh Ambani, chairman and managing director, Reliance Industries, said, “I am delighted to welcome Vista, one of the world’s marquee tech investors globally as a valued partner. Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone. In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential of a Digital Indian Society. We are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio.”

 

Robert F. Smith, founder, chairman and CEO, Vista, said, “We believe in the potential of the digital society that Jio is building for India. Mukesh’s vision as a

global pioneer, alongside Jio’s world-class leadership team, have built a platform to scale and advance the data revolution it started. We are thrilled to join Jio Platforms to deliver exponential growth in connectivity across India, providing modern consumer, small business and enterprise software to fuel the future of one of the world’s fastest growing digital economies.”

 

The transaction is subject to regulatory and other customary approvals.