TPG Invests ₹4,546.80 Crore in Jio Platforms
June 13, 2020
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.
- Buyers
- TPG, TPG Capital Asia, TPG Growth, TPG Tech Adjacencies (TTAD)
- Targets
- Jio Platforms Limited
- Sellers
- Reliance Industries Limited, Jio Platforms Limited
- Industry
- Telecommunications
- Location
- Maharashtra, India
- Transaction Type
- Growth capital
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