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Jio gets third investor, Vista to invest Rs 11,367 crore

Jio gets third investor, Vista to invest Rs 11,367 crore

The State
Jio gets third investor, Vista to invest Rs 11,367 crore

Mumbai. Jio has got the third high profile investor in three weeks. Vista will invest Rs 11,367 crore for a 2.32 percent stake in Jio Platforms. This investment by Vista Equity Partners is the third major investment in Jio platforms within the last three weeks. The equity value of Jio platforms is estimated at Rs 4.91 lakh crore and enterprise value of Rs 5.16 lakh crore.

Vista Equity Partners has become the largest investor after Reliance and Facebook with this investment in Jio platforms. Jio Platforms has raised 60,596.37 crore from leading technology investors.

Vista’s investment is at a 12.5 percent premium to the Facebook investment in April. Earlier this week, Silver Lake was invested in Jio. That investment was also at a premium from the Facebook deal. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited said on Vista’s investment, “I am delighted to welcome Vista as an important partner,

It is one of the largest specialized tech investors around the world. He added, like our other partners, Vista also shares the same vision with us. Which is the vision to develop and transform the Indian digital eco system for the benefit of all Indians.

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Vista Equity Partners is the third US company to have bought a stake in Reliance Jio. Vista has also become the second largest buyer. Robert F. Smith, President and CEO of Vista said, “We believe in the potential of the Digital Society, the digital society that Jio is building for India.” He further praised Reliance Chairman Mukesh Ambani, saying, Mukesh’s vision as a global leader has propelled the data revolution. We are thrilled to join Jio platforms.

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Significantly, Vista Equity Partners is an American investment firm that invests exclusively in technology and software companies. Vista is the 5th largest enterprise software company in the world. Whose cumulative capital commitment is more than 57 billion dollars. The company has over 20 years of experience in enterprise software investment. Vista Portfolio has over 13,000 employees working in companies based in India.

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