TPG Capital investment in JIO platforms Ltd |
Reliance & JIO Platforms Ltd announced today that global alternative asset
firm TPG will invest ₹ 4,546.80 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an
enterprise value of ₹ 5.16 lakh crore.
The investment will translate into a 0.93% equity stake in Jio
Platforms for TPG. Now after this investment, Jio Platforms has raised ₹ 102,432.45
crore from global investors including Facebook, Silver Lake, Vista Equity Partners,
General Atlantic, KKR, Mubadala, ADIA, and TPG since April 22, 2020.
For detailed official announcement of this investment please check at last of this article.
TPG Capital investment in JIO Platforms (Reliance) |
TPG is a leading global alternative asset firm founded in 1992 with more than $79 billion of assets under
management across a wide range of asset classes, including private equity, growth equity, real estate
and public equity.
Over TPG’s more than 25-year history, the firm has built an ecosystem made up of
hundreds of portfolio companies and a value-added network of professionals, executives, and advisors
around the world.
It has also investments in global technology companies include Airbnb, Uber, and Spotify,
among others. The company is bringing unmatched
potential and execution capabilities to the market, setting the tone for all technology companies to come.
TPG is making the investment from its TPG Capital Asia, TPG Growth, and TPG Tech Adjacencies
(TTAD) funds.
Reliance JIO || Reliance TPG || Reliance Investments || Reliance Jio Updates || TPG |
Capital
Mukesh Ambani said that today, I am happy to
welcome TPG as valued investors in our continued efforts towards digitally empowering the lives of
Indians through the creation of a digital ecosystem.
We have been impressed by TPG’s track record of
investing in global technology businesses which serve hundreds of millions of consumers and small
businesses, making the societies we live in better.”
Reliance || Reliance JIO || Reliance TPG || Reliance Investments || Reliance Jio Updates |
Jim Coulter, Co-CEO of TPG also said that we are excited to partner Reliance to invest in Jio and we are
excited to play an early role in Jio's journey as they continue to transform and advance India's digital
economy.
Jio is a disruptive industry leader that is empowering small businesses and consumers across
India by providing them with critical, high-quality digital services.
For detailed official announcement please click here
Peoples also searched as :-
Reliance updates
Reliance new investments
Reliance Jio investments
Reliance share price
Reliance TPG investment
Reliance share price
No comments:
Post a Comment