Reliance Jio’s valuation jumps more than half a billion dollars in just 12 days, thanks to Silver Lake

Silve Lake bought 1.15% stake in Reliance Jio for $750 millionBI India

  • Private equity firm Silver Lake has bought 1.15% stake in Mukesh Ambani's Reliance Jio for $750 million.
  • At this valuation, the deal is worth 52% of parent company Reliance Industries’ total market capitalization.
  • It’s also 23% more than what Facebook paid for its stake in Reliance Jio less than two weeks ago.
A US-based private equity firm, Silver Lake, has bought a 1.15% stake in Reliance Jio for $750 million. It has paid the Mukesh Ambani-owned telecom enterprise 23% more than what Facebook paid less than two weeks ago.

At this equity value, this is 52% of Reliance Industries’ (RIL) total market cap. Now, it seems like everyone wants a piece of the pie of the three-year-old telecom enterprise that is now one of the two leading operators in India with a total of 370 million subscribers at the end of March.


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The deal is the second stake sale in Jio in the last month aimed at reducing the debt of Reliance Industries (RIL), which stood at over $44 billion at the end of March 2020.

However, the share price of Jio’s parent RIL remained under pressure as the company’s mainstay energy business (over three-fourths of the revenue) was squeezed by the crash in crude oil prices.

Reliance Industries share price over the last monthBSE/Flourish/BI India


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Reliance Jio is now worth 1.75 times that of its closest competitor Airtel, whose market cap stood at ₹2.8 lakh crore.

CompanyMarket capitalisation
Reliance Jio₹ 4.9 lakh crore
Airtel₹ 2.8 lakh crore
Vodafone Idea₹ 12,068 crore

See also:
Silver Lake buy 1.15% Jio shares in Rs. 5655.75 Crore

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