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, days after Facebook and Silver Lake also made bets on the Indian telecom giant.

The planned announcement, which would give Vista Equity Partners a 2.32% stake in Reliance Jio Platforms, values it at an equity valuation of $65 billion and enterprise valuation of $68 billion, the Indian firm said.

More to follow…