TPG, a leading alternate asset firm, will invest Rs 4,546.80 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, according to a statement issued by Reliance Industries.

The investment by TPG will translate into a 0.93 percent equity stake in Jio Platforms on a fully diluted basis.

It has literally been an investment spree into Jio Platforms ever since Facebook announced its investment on April 22.

These nine investors on a combined basis hold 22.38 percent stake in Jio Platforms.

On the investment into Jio Platforms, Jim Coulter, Co-CEO TPG, said, “We are excited to partner Reliance to invest in Jio. | To read full story, visit https://startuparound.com/read/1592078650.3651202/Investments-into-Reliance-Jio-cross-one-lakh-crore-with-latest-addition-of-TPG-and-L-Catterton?ref=audio_experience