Is it correct that there are more global investors now interested in Jio Platforms after the stake purchase by Facebook, Silver Lake and Vista Equity?

The recent PE deals have generated a lot of interest in global PE investors in buying into Jio Platforms. Now marquee investors like General Atlantic are also in talks to invest in Jio Platforms. In the recent valuation given by Vista Equity and Silver Lake, Jio Platforms got a total valuation of $65 billion. General Atlantic Partners may look to invest up to $1 billion in Jio Platforms, although the figure is yet to be finalized. This transaction would add another $1 billion to the monetization of Jio and bring the total monetization close to $9 billion. These investments from technology giants and private equity firms will substantially contribute towards slashing debt at Reliance Industries. In addition, it will also provide a valuation benchmark for the digital properties of Jio. These deals are also expected to be around the last deal struck with Vista Equity. In addition, it is expected that Saudi Arabia’s $320 billion sovereign wealth fund may also be considering taking a minority stake in Jio. For Jio, this is also an opportunity to monetize its digital properties and also reduce the net debt added to the balance sheet in the last 5 years.