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Reliance Jio to sell 2.32% stake to PE firm Vista Equity for Rs 11,637 Cr



Reliance Jio to sell 2.32% stake to PE firm Vista Equity for Rs 11,637 Cr

Indian telecom giant Reliance Jio has announced that it will sell a 2.32% stake to US-based private equity firm Vista Equity on a fully diluted basis for Rs 11,637 crore.

The deal would value Jio at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion.

Commenting on the deal, Chairman and Managing Director Mukesh Ambani said, “Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians”.

Continue reading Reliance Jio to sell 2.32% stake to PE firm Vista Equity for Rs 11,637 Cr at Entrackr.



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Written by Aarzoo Mittal

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