InvestorQ : With the latest deal with TPG, how much has Reliance Jio managed to sell to investors?
diksha shah made post

With the latest deal with TPG, how much has Reliance Jio managed to sell to investors?

Answer
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Ria Jain answered.
4 months ago


Over the weekend, Reliance struck two more deals. The first deal was to 0.93% stake in Jio Platforms to TPG at Rs.4547 crore. The other deal was to sell 0.39% stake in Jio Platforms to private equity firm L Catterton for Rs1895 crore. Both the transactions have valued Jio Platforms equity at around $65 billion, as has been the case with most of the other private equity deals struck by Jio Platforms. With this deal, RIL has already sold 22.32% stake in Jio Platforms for a consideration of Rs.1.04 trillion and RIL goes looks all set to sell up to 26% stake in the entity. This concludes 10 big deals for Jio Platforms in 8 weeks including Facebook, Silver Lakes, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton. The ability to reach out to nearly 1.3 billion Indians via the digital platform has been a major attraction for most investors.