 "Reliance Jio")
Reliance Industries (RIL) on Saturday announced that it had sold a 0.93 per cent stake in Jio Platforms to global investment firm TPG for Rs 4,547 crore and 0.39 per cent to private equity firm L Catterton for Rs 1,894 crore, taking the total investment in the digital services platform to Rs 1.04 trillion.
With these investments, RIL has sold over 22 per cent in Jio Platforms. The valuation of the deals is in line with recent transactions pegging Jio’s equity value at Rs 4.91 trillion and enterprise value at Rs 5.16 trillion. Jio has so far concluded deals with
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