General Atlantic to invest $870M in India’s Reliance Jio Platforms

General Atlantic to invest $870M in India’s Reliance Jio Platforms

Reliance announced Sunday that US fund General Atlantic will invest $870M in Jio Platforms, joining fellow American investors Facebook, Silver Lake, and Vista Equity Partners taking investment in the three-and-a-half-year old Indian firm to over $8B in less than a month. General Atlantic will pick up a 1.34% stake in the firm which includes movie, music apps as wells telecoms venture Jio Infocomm

Chris
Chris
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