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In May 2020, private equity firm Vista Equity Partners, a US-based private firm has purchased how much per cent stake in Jio Platforms?

In May 2020, private equity firm Vista Equity Partners, a US-based private firm has purchased how much per cent stake in Jio Platforms? Correct Answer 2.32

  • Private equity firm Vista Equity Partners, a US-based private firm has purchased a 2.32% stake in Jio Platforms.
  • This is the third such major investment in one of India's fastest growing telecommunication companies in just a few weeks and the purchase will be worth Rs 11,367 crores.
  • On May 4, 2020, Jio announced that US technology giant Silver Lake had agreed to invest Rs 5,656 cr in Jio.

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