Vista Equity Partners Reliance has announced an investment of Rs 11,367 crore in Jio after Silver Lake. The investment comes at a 12.5 percent premium to the Facebook deal. Shares of Reliance Industries rose after the news. Shares of the company rose more than 4 percent on Friday.
Reliance's stock rose 15 percent in two weeks, and 29 percent in one month. Experts say Indian stock markets, including India, are declining rapidly due to the ongoing lockdown caused by the corona virus. On the other hand, Reliance's shares have continued to rise.
Earlier, US private equity firm Silver Lake invested Rs 5,755.75 crore in Geo platforms. Naturally, this is a great achievement for any Indian company.
Aon Durban, co-CEO and managing partner at Silver Lake, said he was pleased with the deal and that Reliance Jio was one of the best in the world.
Since the launch of Geo in 2016, Reliance has emerged as the only company in the country capable of competing with American technology groups in the fast-growing Indian market. Reliance has expanded e-commerce in every field from mobile telecom to home broadband.
Mukesh Ambani has decided to link Geomart with WhatsApp to connect small businesses in India with technology. The new e-commerce model will be developed by Geomart and WhatsApp to bring small and medium shops, grocers, stationery shops, hawkers and small traders under one umbrella. From where you can order daily necessities from local shops or markets. Prices can be met through WhatsApp. And Geomart will deliver that order to the door of the house.