Reliance Jio will get Rs. 11,367 crore investment from Saudi Arabia’s Public Investment Fund (PIF), Reliance Industries Limited (RIL) announced. PIF is the 11th investor to put money in Jio Platforms over the last two months.
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.
TPG will invest Rs. 4,546.80 crores in Jio, Reliance Industries Limited announced on Saturday. TPG will get 0.93 percent equity stake in Jio Platforms for this money. With the recent investments, RIL has now divested a total of 22.67 percent stake in Jio Platforms and raised Rs. 102,432.45 crores.
TPG is looking to invest in Jio Platforms, the holding company of Reliance Jio, according to an online report. If these talks come to fruition, TPG will join other PE companies like General Atlantic, KKR, Silver Lake, Vista Equity Partners as an investor in Jio.
Reliance Jio is getting investment from Abu Dhabi Investment Authority (ADIA), Reliance Industries Limited (RIL) announced late-Sunday. ADIA is the latest in the growing list of investors which have found Reliance Jio's future lucrative.