Business World

Reliance Jio, General Atlantic to invest ₹ 6,598.38 crore in Jio Platforms HIGHLIGHTS : General Atlantic to invest ₹ 6,598.38 crore Equity value of ₹ 4.91 Lakh crore Enterprise value of ₹ 5.16 Lakh crore Translate into 1.34 % equity stake in Jio Platforms General Atlantic is going to invest ₹ 6598.38 crore in Jio Platforms, at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. It will translate into 1.34 % equity stake in the Jio platforms. This is going to be 4th huge investment for Jio platforms. Earlier Facebook, Silver Lake  and Vista Equity Partners had invested in the Reliance Jio Platforms. Facebook invested ₹ 43,574 crore for 9.99% stake. Silver Lake invested ₹ 5,655 crore for 1.15 % stake. Vista invested ₹ 11,300 crore for 2.32 % stake. General Atlantic invested ₹ 6,598 crore for 1.34 % stake. About General Atlantic : General Atlantic is an American Private Equity firm. It p...