Monday, May 18, 2020
Private equity firm General Atlantic will invest Rs 6,598.38 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
This will be a fourth investment in the Jio Platform following those of Facebook, Silver Lake, and Vista Equity Partners.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am thrilled to welcome General Atlantic, a marquee global investor, as a valued partner. I have known General Atlantic for several decades and greatly admired it for its belief in India’s huge growth potential. We are excited to leverage General Atlantic’s proven global expertise and strategic insights across 40 years of technology investing for the benefit of Jio”.
The global equity company has a track record of investing in the Technology, Consumer, Financial Services, and Healthcare sectors.
