Jio Platforms has once again generated Rs 60,596.37 crore in much less than three weeks from top technology investors, Reliance Industries said.

Reliance Jio, Reliance Industries Ltd’s (RIL) telecom company, has sold a 2.3 percent stake for Rs 11,367 crore to Vista Equity Partners, a US-based private equity firm that operates the world’s largest purely tech-focused fund.

Vista’s investment in the Facebook deal revealed in April is at a premium of 12.5 percent. The transaction places the equity value of Jio Platforms at Rs 4.91 lakh crore and corporate value of Rs 5.16 lakh crore.

It is Reliance Jio’s third high-profile investment in just as many weeks after Facebook bought a 9.9 percent minority stake for Rs 43,534 crore and Silver Lake spent 5655 crores for a 1.5 percent stake.

The investment revealed earlier this week by Silver Lake Partners in Jio also came at a significant premium to that of the Facebook offer.

Despite its early stages, Vista has a terrible record of investing despite cutting edge tech companies and each one of its investments has so far been successful over its 10-year existence. It is the first substantial investment made by Vista in India.

This reinforces Jio as a powerful tech business concentrating on one of the world’s most exciting and wide markets and highlighting management efficiency, RIL said.

Vista’s investment highlights Jio as a software and network company of the next decade, over and above a telecom service. This reaffirms Jio’s continued appeal to global investors with his keen understanding of the Indian economy, his post-Covid-19 massive digitization potential and his willingness to bring cutting-edge technology and resources like AI, Blockchain, AR / VR and Big Data in play with Indians.

Diverse flagship investors are now becoming Jio Projects long-term shareholders due because of a diverse range of innovations and services into one entity. No comparable options are available somewhere else worldwide.