Silver Lake is doubling down on its bet on India’s Reliance Jio Platforms. The U.S. private equity firm said Friday it is buying stake an additional stake worth $600 million from the top Indian telecom operator, which has now raised more than $12.1 billion in less than two months.
The Menlo Park-headquartered firm, which invested nearly $750 million in Reliance Jio Platforms last month, said the additional infusion increases its stake in the Indian firm to 2.08%, up from 1.15%.
More to follow…
source https://techcrunch.com/2020/06/05/reliance-jio-platforms-silver-lake-round-2/
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