You are here: Home » News-CM » Companies » News
Business Standard

General Atlantic to invest Rs 6598.38 crore in Jio Platforms

Topics
Business Finance

Capital Market 

Reliance Industries and Jio Platforms announced on 17 May 2020 an investment of Rs 6,598.38 crore by General Atlantic, a leading global growth equity firm.

This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. General Atlantic's investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis.

With this investment, Jio Platforms has raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 18 2020. 09:39 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU