5 important things you need to know about how Reliance Jio and Silver Lake deal will affect India

Silver Lake has, after Facebook, invested in Reliance Jio platforms. The deal values Jio at $65 billion — a 12.5 premium to the value indicated by Facebook, which bought 9.99 per cent of the digital unit of RIL. Silver Lake has a reputation for investing in tech giants.

Mukesh Ambani, on this event, commented:

...Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation.

How will this transaction benefit the people of India? Here are 5 important things you need to know.

- Silver Lake has been a top investor in cutting-edge tech companies. This includes Airbnb, Alibaba, Ant Financial, Alphabet’s Verily and Waymo units, Dell Technologies, and Twitter among others.

- This signifies that Reliance Jio has the potential to be another one of the top-tier tech brands. This investment will fuel AI Development, Cloud and Edge Computing, Big Data Analytics, Artificial Intelligence, Internet of Things, Augmented and Mixed Reality and Blockchain.

- During the post-lockdown period, this added investment will pave the way for many jobs. Employment within the conglomerate will be on the rise. This investment will also fuel opportunities for small businesses.

- After this investment, the share market has also seen a significant rise. This can be the first step in revitalising the economy.

- The deal will also reduce RIL’s debt burden. It was due to the breakneck expansion of Jio and other businesses, which now, Silver Lake and Facebook will be carrying out.

Reliance Jio is on the world investment radar. Due to their technological advances, it seems that India is going to potentially bring itself out of the post-lockdown economic crisis with the help of foreign investment.

Follow Silver Lake and Reliance Jio news here.