This is a third major equity deal for Jio Platforms in three weeks — it previously sold a 9.9 per cent stake to Facebook for Rs 43,534 crore, and then 1.5 per cent to Silver Lake for Rs 5,655 crore.
Vista is a global investment firm focused on empowering and growing enterprise software, data and technology-enabled companies. It has more than $57 billion in cumulative capital commitments and its global network of companies collectively represents the fifth-largest enterprise software company in the world.
ALSO READ: RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%
In the past one month, RIL has rallied 30 per cent, as compared to a 6.7 per cent rise in the S&P BSE Sensex. With past two days’ rally, RIL has recovered 77 per cent from its 52-week low of Rs 876 touched on March 23, in an intra-day deal. It is 4 per cent away from its all-time high level of Rs 1,618 touched on December 20, 2019.
At 09:20 am, however, the stock had pared some of the initial gains, but was still trading 2 per cent higher at Rs 1,541 on the BSE, against 1.6 per cent rise in the S&P BSE Sensex. A combined 2.8 million equity shares changed hands on the counter on the NSE and BSE so far.