Industry Newsroom

Vista Equity Partners Invests USD1.5b for 2.3% Stake in Indian Telecom Company Jio Platforms

Private equity firm Vista Equity Partners has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. Facebook and Silver Lake recently invested USD5.7b and USD750m, respectively, for 9.99% and 1% stakes in the company. Read more