General Atlantic to invest $870M in India’s Reliance Jio Platforms

General Atlantic to invest $870M in India’s Reliance Jio Platforms

4 years ago
Anonymous $-9GJQVHNr8

https://techcrunch.com/2020/05/17/general-atlantic-reliance-jio-platforms/

Mukesh Ambani’s Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest deal in a series of deals the top Indian telecom operator has secured in recent weeks.

On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $869.8 million in the Indian firm, joining Facebook, Silver Lake, and Vista Equity Partners that have made sizeable bets on the three-and-a-half-year old Indian firm.