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After Facebook, the American company Silver Lake is going to invest in Reliance Jio. Reliance Industries made the announcement in a statement Monday. The company is reported to invest Tk 5.758 crore or $ 747.84 million in Geo.
In April, Facebook bought a 9.9 percent stake in Reliance Jio for Rs 43,584 million. Mark Zuckerberg said they married Geo to increase the number of Facebook users worldwide. This time, Silver Lake, a US private equity firm, followed suit. Mukesh Ambani, head of Geo, said: “I welcome Silver Lake as a very important partner. The move will benefit Indian consumers of India’s digital ecosystem and digital platform. ”
“We are proud to have the opportunity to work with Mukesh Ambani and the Reliance team,” said Egan Durban, co-CEO and managing partner of Silver Lake, about the agreement with Reliance.
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