Another global firm TPG has decided to buy a stake in Mukesh Ambani-led Reliance Jio. Global alternative asset firms will invest Rs 4,546.80 crore in the TPG Jio platform. The equity value of this investment is 4.91 lakh crore and the enterprise value is 5.16 lakh crore. Through this investment, TPG will get a 0.93% stake in the Jio platform.
Let us know that by selling a stake in the Jio platform to various global tech investor companies, Reliance Industries has raised an amount of Rs 1,02,432.45 crore. Global companies that have bought stakes in the Jio platform include Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, and TPG.