TPG Invests ₹1,837.5 Crore in Reliance Retail Ventures

Reliance Invests in JV Forming Star India Private Limited with Disney and Viacom18

November 14, 2024

Media & Entertainment

Reliance Industries has completed a joint venture with Viacom18 and The Walt Disney Company that merges Viacom18’s media and JioCinema businesses into Star India Private Limited (SIPL). Reliance invested ₹11,500 crore (~US$1.4 billion) as growth capital, will operate and consolidate the JV, and separately bought Paramount Global’s 13.01% stake in Viacom18 for ₹4,286 crore; the JV is valued at ~₹70,352 crore (~US$8.5 billion) post-money.

QIA Takes ~0.99% Stake in Reliance Retail Ventures Limited

August 23, 2023

Retail

Qatar Investment Authority (QIA) invested ₹8,278 crore (≈$1 billion) to acquire a 0.99% fully-diluted minority stake in Reliance Retail Ventures Limited (RRVL). The investment provides QIA exposure to India’s largest retail platform as RRVL continues to expand its store network and digital commerce footprint.

TPG Acquires 99.02% Stake in Poonawalla Housing Finance

July 27, 2023

Financial Services

TPG, through its Asia-focused private equity platform TPG Capital Asia, has completed the acquisition of a 99.02% equity stake in Poonawalla Housing Finance Limited from Poonawalla Fincorp Limited and will infuse up to INR 1,000 crore of additional equity to support growth. PHFL is a pan‑India affordable housing finance company with a deep branch network and ~Rs. 6,571 crore AUM (Jun'23); TPG intends to partner with existing management to scale the business in the affordable housing segment.

TPG Invests ₹4,546.80 Crore in Jio Platforms

June 13, 2020

Telecommunications

TPG will invest ₹4,546.80 crore in Jio Platforms for a 0.93% equity stake, valuing Jio Platforms at an equity value of ₹4.91 lakh crore (enterprise value ₹5.16 lakh crore). The investment — made from TPG Capital Asia, TPG Growth and TPG Tech Adjacencies — is part of Jio Platforms' larger fundraising which has raised over ₹102,432.45 crore from global technology investors.

TPG Growth, Norwest Venture Partners and Evolvence India Lead $33M Investment in Ess Kay Fincorp

November 26, 2019

Financial Services

TPG Growth, Norwest Venture Partners and Evolvence India led a $33 million equity investment in Ess Kay Fincorp, a Jaipur-based non-bank finance company (NBFC) focused on commercial vehicle and small business lending across North and West India. The round — fully subscribed by existing investors — will support Ess Kay's next phase of growth, expanding its footprint, services and technology.

TPG Growth Invests $30M in Solara Active Pharma

February 4, 2019

Pharmaceuticals

TPG Growth will invest $30 million in Solara Active Pharma to support the Indian API manufacturer's growth and capacity expansion into regulated markets. The minority growth equity investment is intended to help Solara scale manufacturing and R&D capabilities and strengthen its position with global generic customers in the US and Europe.