https://techcrunch.com/2020/05/07/vista-equity-partners-to-invest-1-5b-in-indian-telecom-giant-reliance-jio-platforms/

Private equity firm Vista Equity Partners said on Friday it would invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and private equity firm Silver Lake that have also made bets on the Indian telecom giant in recent weeks.

The planned announcement, which would give U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake in Reliance Jio Platforms, values India’s top telecom operator at $65 billion (equity valuation) — the same valuation implied by the Silver Lake investment, the Indian firm said.