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General Atlantic pics 1.34 pc stake in Jio platforms for Rs 6,598.38 cr

Business Finance

Press Trust of India  |  New Delhi 

Following footsteps of Facebook, General Atlantic has picked up 1.34 per cent stake in the digital unit of Reliance Industries for Rs 6,598.38 crore, the Mukesh Ambani firm said on Sunday.

The investment in Jio Platforms will be GA's largest investment in Asia.

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

This investment continues to reaffirm Jio as a next generation software product and platform company, the company said in a statement.

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

First Published: Sun, May 17 2020. 17:23 IST