US PE firm L Catterton to invest Rs. 1,894 crore in Reliance Jio for 0.39 percent stake

Jio L Catterton deal

L Catterton has become the latest American private equity firm to invest in Jio, Reliance Industries Limited (RIL) announced on Saturday. L Catterton will get a total equity stake of 0.39 percent in Jio Platforms for its investment that has been made at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore.