Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest Rs. 5665 crores ($746.74 million) in its digital arm, giving it a valuation of Rs. 4.90 lakh crores. The deal comes days after Facebook said it would spend Rs. 43,574 crores to buy a 9.99 percent stake in Jio Platforms – the digital services entity that houses Reliance’s telecoms arm Jio Infocomm, as well as its news, movie and music apps, along with other businesses.

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