Industry Newsroom

Silver Lake to Invest USD750m for 1% stake in Indian Telecom Company Jio Platforms

US-based private equity firm Silver Lake has agreed to invest USD750m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1% stake. Facebook recently invested USD5.7b in Jio Platforms for a 9.99% stake in the company. Read more