InvestorQ : Does Silver Lake buying a 1% stake in Jio Platforms change the overall valuation of Reliance? Why was the price still down on Monday?
Riya Dwivedi made post

Does Silver Lake buying a 1% stake in Jio Platforms change the overall valuation of Reliance? Why was the price still down on Monday?

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rhea Babu answered.
1 year ago
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Silver Lake Partners will be paying nearly Rs.5656 crore for a 1.15% stake in Jio Platforms, which approximates translates into an investment of $750 million which values the Jio Platforms business at around $65 billion at the current market. This is nearly 12% more than the valuation assigned by Facebook for the same business although there would have been a discount to Facebook for the mutual synergies and for a larger 10% stake. This should be positive for RIL and will also mean that going ahead it will be digital that will drive the future profits and valuations of the Reliance group. Don’t go too much by the very short term fluctuations in price.

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