Lawstreet Journal

General Atlantic Decides to Invest Rs 6,598.38 Crore in Reliance Jio

Lawstreet Journal 19 May 2020 12:15am

Image courtesy: Lawstreet Journal Business General Atlantic Decides to Invest Rs 6,598.38 Crore in Reliance Jio

On May 17, 2020, General Atlantic, one of the leading global growth investors has decided to invest ₹ 6,598.38 crores in Reliance Jio Platforms. 

Jio Platforms Limited (“Jio Platforms”) is a wholly-owned subsidiary of Reliance Industries Limited (“Reliance Industries”). General Atlantic is a leading global growth equity firm with a 40-year track record of investing in the Technology, Consumer, Financial Services, and Healthcare sectors. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.

With this latest investment by General Atlantic, Jio Platforms was able to raise ₹ 67,194.75 crores from leading technology investors including Facebook, Silver Lake, Vista Equity Partners, and General Atlantic in less than four weeks. According to Jio, the outlay will enable it to scale its ecosystem towards the mission of building a Digital Society for India.

Jio Platforms is basically a next-generation technology platform focused on providing high-quality and affordable digital services across India which has more than 388 million subscribers. It has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality, and blockchain. 

Reliance Jio was formed with a vision is to enable a Digital India for 1.3 billion people and businesses across the country which also includes small merchants, micro-businesses, and farmers so that all of them can enjoy the fruits of inclusive growth.

General Atlantic usually invests in themes… Continue Reading...


Tagged: Reliance Industries   Reliance Industries Limited   Reliance Industry  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.