US firm Vista Equity buys 2.3% stake in Reliance Jio for $1.5 billion

The deal will make Vista the largest shareholder of Jio after Facebook (9.99%) and parent RIL (86.54%). With this, RIL has raised a total of Rs 60,596 crore ($7.9 billion), boosting its efforts to pare debt.



May 09, 2020 at 04:00AM