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Reliance sells 2.32% stake in Jio for Rs 11,367 cr, 3rd deal in 2 weeks

Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt.  Photograph: Clara Ferreira Marques/Reuters The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of ...
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