NEW DEHLHI: Leading global tech investor Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12. 5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

On 22nd April, Facebook picked up a 9.9 per cent stake in Jio Platforms — an RIL subsidiary which owns Reliance Jio — and a board seat for an investment of $5.7 billion (Rs 43,574 crore). The investment values Jio Platforms at Rs 4.62 lakh crore, according to RIL, and is the largest tech sector FDI deal in India so far.The announcement comes at a timely juncture for RIL, with the carnage in global crude oil markets leaving little to cheer for the group’s cash cow petrochemicals business.