The current Covid-19 Pandemic has been very beneficial for Jio Platforms, the technology arm of India's most valued company Reliance Industries. On 22 April, Social Networking Giant Facebook announced to acquire a 9.9% stake in Reliance Jio for Rs 43,574 crore. Read more: Facebook has bought 9.99% shares in reliance Jio Now, US Private Equity Giant Silver Lake will invest about Rs 5,665.75 crore for a 1.15% stake in Reliance Jio. The deal with Silver lake values Jio at "equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment," RIL said on Monday (4th May 2020). The company will raise about Rs 53,125 crore by selling shares at Rs 1,257. RIL quoted that the investment has a "special significance," as it comes at a time when the Covid-19 pandemic seriously affected the world economy, including India's. “We are excited to leverage insights from their (Silver Lake) global technology relationships for the Indian digital society’s transformation,” said RIL chairman and managing director, Mukesh Ambani. Silver Lake co-CEO and managing partner, Egon Durban also quoted, “The market potential they (Jio Platforms) are addressing is enormous, and we are honored and pleased to have been invited to partner with Ambani and the team at Reliance and Jio to help further the Jio mission.” Silver Lake is an American private equity firm, known for its wide-scale technology investments. They have operations across China and the US. They have invested in approx every large tech companies including Alibaba, Twitter, and Motorola. The company's current combined AUM sum up to $ 43 billion. The investments will help Reliance Industries (RIL) in reducing his debts to 67 percent, which is mainly due to the massive investment done by Facebook past two weeks. On its quarterly earnings call, RIL declared its quarterly revenue of Rs 1.36 lakh crore and an adjusted profit of Rs 10,813 crore. Reliance is on its way of achieving zero net debt in CY 2020, as Ambani quoted earlier this year.