In Jio platform, Silverlake is going to increase its share:
Indias biggest telecom Jio received 7th investment in the 6th week from the silver lake. earlier silver lake has invested 5000 crores to buy 1.15%, Now the silver lake has increased its investment of $601mn additional. the entire investment of silver lake was $56.56Bn. till now Reliance company sold 20% in the Jio platform to investors, including Facebook.
the deal adds to the recent flurry of fundraising activity by the oil to telecoms giant, Controlled by India’s richest man. Including $7Billion shares sale, with the plan to clear a debt of $21billions of net debt by the end of the year.” the unique business model attracted us” said the silver lake managing director.