Jio gets ₹42,000 cr from KKR, Mubadala, others in fresh tranche of investment

Mumbai: Reliance Industries Ltd’s Jio Platforms on Monday received another tranche of payment from PE funds KKR, TPG, Vista Equity Partners and sovereign wealth funds ADIA and Mubadala, filings with the registrar of companies shows. Collectively, Jio Platforms has received ₹42,057.9 crore from these investors.

The latest tranche of payments comes after Jio said it had received ₹30,062.43 crore on Saturday from L Catterton, PIF, Silver Lake, and General Atlantic Singapore.

On 7 July, Facebook Inc-owned Jaadhu Holdings LLC paid a subscription amount of ₹43,574 crore to Jio Platforms Ltd for a 9.99% stake in the latter.