Silver Lake Invests Rs. 5,655.75 Crores in Jio Platforms Limited
Silver Lake Invests Rs. 5,655.75 Crores in Jio Platforms Limited A couple of weeks back, Facebook picked up a9.9 percent stakein Jio Platforms Limited, and now, American private equity firm Silver Lake has stepped up to invest Rs. 5,655.75 crores ($750 million) for 1.15 percent stake. Silver Lake has previously invested in several companies such as Twitter, Airbnb, Alibaba, Alphabet’s Verily and Waymo, Ant Financial, and Dell Technologies. In an official statement, Egon Durban, Co-CEO, and managing partner, Silver Lake, said Jio Platforms is one of the world’s most remarkable companies led by an incredibly strong and entrepreneurial management team who are driving and actualizing a courageous vision....