Jio to Get Rs. 11,367 Crores Investment From US-Based PE Firm Vista Equity Partners
Reliance Industries on Friday announced a $1.5 billion (Rs. 11,367 crores) stake sale in its digital unit Jio Platforms, a third deal in little over two weeks that will inject a combined $8 billion (Rs. 60,596.37 crores) in the telecoms-to-energy group to help it pare debt. Private equity firm Vista Equity Partners is buying a 2.32 percent stake in Jio Platforms, the unit that houses Reliance's telecoms venture Jio Infocomm, for Rs. 11,367 crores, Mumbai-headquartered Reliance said in a statement.The investment gives Jio…