Mark to Market artwork

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

Mark to Market

English - May 05, 2020 04:23 - 5 minutes - 5.38 MB
Business News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 26: Why Reliance Industries is on a fundraising spree
Next Episode: 28: UPL sticks to debt repayment timeline, but COVID-19 concerns loom

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?