Silver Lake’s investment in Geo is very lucrative for Reliance: Moodys | Business

#Mumbai: Great investment again in Geo after Facebook. This time Silver Lake Partners (SLP) married Geo. The world’s largest technology investment firm has bought a 1.15 percent stake in Geo with an investment of Rs 5,858 million. This is the first major SLP investment in India. Silver Lake Partners has previously partnered with several large companies, including Twitter, Alibaba, and Dell Technologies. Market experts believe that Silver Lake Partners’ investment with Geo in Corona’s situation is a big step. RIL President Mukesh Ambani appreciated Silver Lake Partners’ investment in Geo. He said that this investment is very important to build a digital India. Silver Lake Partners has a worldwide reputation in information technology. The work of building a digital India will be further accelerated by applying the SLP experience.

On the other hand, Egan Durban, managing partner of Silver Lake, said: “Geo has enormous potential in the Indian market. We are happy to partner with Team Reliance and Mukesh Ambani, ”he said, adding that the partnership would be critical to implementing Geo’s future mission.

The long-term impact of the blockade has been felt in trade and commerce around the world. Most companies have suffered heavy losses in the past few days. In the business where the majority of Reliance’s revenue comes from, the image of that petrochemical business is now very poor worldwide. Since there is no demand for oil in the market, the price of oil is absolutely at the bottom. In this situation, Reliance’s dependency now depends on other company businesses. Geo is in the most profitable position right now. Despite the closure, Geo’s results in the last quarter of the last financial year are very good. After Facebook, another world-class American company has also announced a large investment in Geo. Which is very convenient for reducing the amount of losses in the Reliance industry. It is possible to bring the total annual loss to zero percent by March 31, 2021. This was stated by Bikash Halan, Senior Vice President of Moody Investor Services, a company of corporate finance. He said the deal would be very lucrative for Reliance in the near future. Agreement with Facebook has secured Geo’s future up to 7 With this, the investment in Silver Lake will help Reliance reduce the total loss

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