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Reliance Industries shares gain nearly 2% after company announces over Rs 6,500 deal with General Atlantic
•Shares of Reliance Industries on Monday gained nearly 2 percent after the company announced the sale of 1.34 percent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore
Reliance says Vista Equity to invest $1.5 billion in digital arm for a 2.32 percent stake
•The deal comes little over two weeks after Reliance said Facebook will buy a 9.99 percent stake in Jio Platforms
Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher
Fp Staff •Reliance Industries was the biggest contributor to the gains on the index, jumping over 3 percent after the company announced that US-based PE firm Vista Equity Partners will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
Jio Platforms strikes third unit stake deal; raises $8 billion in two weeks post-Facebook, Silver Lake, Vista investment
•Unlike traditional mobile carriers which depend on voice services to make money, Ambani has pitched Jio as a trailblazer tech company by offering cheap mobile data plans that helped hundreds of millions of Indians use the internet for the first time
Jio Platforms-Vista Equity deal: All you need to know about RIL's latest high-profile investor
Fp Staff •The latest round of investment by Vista values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr
•Shares of Reliance Industries on Friday jumped over 4 percent after the company announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in its digital unit, Jio Platforms, for Rs 11,367 crore
US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr
Fp Staff •Vista’s investment is at an 12.5 percent premium over the Facebook deal announced in April
Websense to go private for $907 mln
Fptechno •Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million...