Vista Equity to invest $1.5b in Reliance's India app platform
US-based Vista Equity Partners has agreed to invest INR113.67 billion ($1.5 billion) for a stake in Jio Platforms, a holding company for Indian internet and telecom assets, including Reliance Jio Telecom.
Reliance Industries, the oil-to-retail conglomerate that is the parent firm of both companies, announced the transaction in a statement. Following the completion of the deal, which requires regulatory...
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