New Delhi: In a significant development, the Reliance Industries Limited on Sunday said that the General Atlantic will invest Rs 6,598.38 crore in Jio Platforms for a 1.34% equity stake on a fully diluted basis. Also Read - Reliance Jio's Work-From-Home Plans: 1 GB Data Costs Rs 5 | All You Need to Know
Notably, it will be the largest investment for General Atlantic in Asia to invest in Jio Platforms. Also Read - After Facebook Deal, Ambani Sells 2.3% Stake in Reliance Jio to US-based Vista Equity Partners For Rs 11,367 Crore
Giving a further update, the Reliance Industries Limited said that the Jio Platforms has raised Rs 67,194.75 crore from leading technology investors such as Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic in less than four weeks. Also Read - After Facebook, Private Equity Firm Silver Lake Invests Rs 5655.75 Crore in Jio Platforms
Issuing a statement, the Reliance Industries Limited said this investment continues to reaffirm Jio as a next-generation software product and platform company.