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The heavyweight stock gained 4.42 percent to Rs 1,574 on BSE. On the NSE, it rose by 4.48 percent to Rs 1,574.55.
“This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore,” the company said in a statement earlier in the day.
Vista’s investment will translate into a 2.32 percent equity stake on a fully diluted basis, making Vista the largest investor in Jio Platforms, behind Reliance Industries and Facebook.
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“Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks,” the statement said.
The wholly-owned subsidiary of Reliance Industries is a next-generation tech company that brings together Jio’s leading digital apps, digital ecosystems, and highspeed connectivity platform under one umbrella.