Silver Lake Mukesh Ambani New York city Mumbai covid-19 experts pandemic Silver Lake Mukesh Ambani New York city Mumbai

₹6,600 crore in RIL's Jio Platforms

Reading now: 672
www.livemint.com

Mumbai: Just two days ahead of launching its ₹53,000 crore rights issue, Mukesh Ambani-promoted Reliance Industries Ltd (RIL)’s subsidiary Jio Platforms Ltd on Sunday announced an investment of ₹6,598.38 crore by New York-based private equity giant General Atlantic.

General Atlantic will acquire a 1.34% stake in Jio Platforms, valuing the latter at ₹4.91 trillion, similar to what Jio Platforms’ recent deals with Silver Lake and Vista Equity Partners fetched.

In a press release RIL said the deal gives Jio Platforms an enterprise value of ₹5.16 trillion. On 11 May, Mint reported that General Atlantic could end up investing around Rs.10,000 crore for about 2% stake in Jio Platforms.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA