Mark to Market

27: What does the Silver Lake deal mean for Reliance Industries

Episode Summary

Reliance Industries Ltd has announced another stake sale in its digital services subsidiary, Jio Platforms Ltd. Private equity firm Silver Lake will invest ₹5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹4.9 trillion, a 12.5% premium to the Facebook deal. So what do this development mean for the Reliance stock? 

Episode Notes

Reliance Industries Ltd has announced another stake sale in its digital services subsidiary, Jio Platforms Ltd. Private equity firm Silver Lake will invest ₹5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹4.9 trillion, a 12.5% premium to the Facebook deal. So what do this development mean for the Reliance stock?