TPG to invest Rs 4,547 cr; Jio Platforms fund raising crosses Rs 1 trillion

This is the eighth deal announced by RIL in the last two months

Reliance Industries Limited (RIL) on Saturday announced sale of 0.93 per cent equity stake in its fully owned subsidiary, Jio Platforms to global alternative asset firm, TPG on a fully diluted basis for Rs 4,546.8 cr. The deal values Jio Platforms at an  equity value  of Rs 4.91 trillion and an enterprise  value  of Rs 5.16 trillion.
 

"With this investment, Jio Platforms has raised Rs 1.02 trillion from leading global technologyinvestors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA,and TPGsince April 22,2020," said RIL in a statement.