Vista Equity Partners (Vista) will invest ₹11,367 crore to buy 2.32% stake in Mukesh Ambani led Jio Platforms Limited m, valuing the company at an equity value of ₹4.91 lakh crore and making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. Also read | Facebook aims to extend products, tech built with Jio to other marketsReliance Jio Infocomm Limited (RJIL), which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms. 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. Jio has brought transformational changes in the Indian digital services space and propelled India on the path towards becoming a global technology leader and among the leading digital economies in the world. Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change.

Source: The Hindu May 08, 2020 03:11 UTC