TPG, L Catterton pick up 1.32% stake in Jio Platforms for Rs 6441.3 crore

NEW DELHI: Reliance Industries said it has sold a further 1.32% stake in its digital arm Jio Platforms for Rs 6441.3 crore to TPG and L Catterton.
With this investment, Jio Platforms has now raised an overall Rs 1,04,326.9 crore from marquee global investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 22.
Reliance Industries has sold a 0.93 % stake in Jio Platforms to global alternative asset firm TPG for Rs 4,546.80 crore, the company said in a statement on Saturday evening.
In a separate statement soon after, the company said L Catterton, one of the world’s largest consumer focused private equity firms, will invest Rs 1894.50 crore, translating into a 0.39 % equity stake in Jio Platforms on a fully diluted basis.