Private equity firm Silver Lake's investment in Reliance Jio Platform indicates that the market focus is shifting to bigger players, R Chandrasekaran, former secretary, Department of Telecommunications, said on Monday after the two companies finalised a deal.
Reliance Industries today said that private equity firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio Platforms, giving the technology subsidiary an equity value of Rs 4.9 lakh crore.
The week before last Facebook said it would invest Rs 43,574 crore in Jio Platforms for a 9.99 percent stake.
“This deal does not directly impact startups but in a sense it also tends to indicate that some of the market value may be shifting to the larger firms and the larger platforms and away from some of the small startups... this also perhaps indicates slightly higher market presence and dominance of the larger companies in comparison to the very small and innovative startups,” said Chandrasekaran.
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