Friday, 24 March, 2023

General Atlantic to invest Rs 6,598.38 cr in Jio Platforms

<p>PE firm General Atlantic will invest ₹6,598.38 cr in Reliance&#39;s Jio Platforms for a 1.34% stake. After Facebook, PE firms Silver Lake and Vista Equity Partners this is the fourth investment in little over two weeks for RIL totalling ₹67,194.75 cr. The investment values Jio Platforms at an equity value of ₹4.91 lakh cr and an enterprise value of ₹5.16 lakh cr. Analysts expect more such deals to take place.<br /> &nbsp;</p>