TGP picks up 0.93 per cent in Reliance Jio for Rs 4,546 crore

By: |
Published: June 14, 2020 3:45 AM

With this investment, Jio Platforms has raised Rs 102,432.45 crore from leading global technology investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, and TPG since April 22.

The investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis for TPG.The investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis for TPG.

Reliance Industries and Jio Platforms on Saturday said global alternative asset firm TPG will invest Rs 4,546.80 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis for TPG.

With this investment, Jio Platforms has raised Rs 102,432.45 crore from leading global technology investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, and TPG since April 22.

TPG is a leading global alternative asset firm founded in 1992 with more than $79 billion of assets under management across a wide range of asset classes, including private equity, growth equity, real estate and public equity. Over TPG’s more than 25-year history, the firm has built an ecosystem made up of hundreds of portfolio companies and a value-added network of professionals, executives, and advisors around the world.
Its investments in global technology companies include Airbnb, Uber, and Spotify, among others.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1ED files money laundering case against GVK group, MIAL in Mumbai airport scam case
2Ola customers can now pay for rides with PhonePe; firm pitches for digital payments amid coronavirus
3Samsung now offering customer care service through WhatsApp for quick, contactless support