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.