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Jio-TPG deal: 5 key things to know about TPG’s investment in Jio Platforms

The latest deal with TPG has pushed Jio Platforms investment mop-up to over Rs 1 lakh crore.

June 14, 2020 / 04:33 PM IST

TPG has become the latest company to join a marquee group of investors in Jio Platforms with an investment of over Rs 4,500 crore for a 0.93 percent stake in the company.

This has pushed Reliance’s digital unit’s investment mop-up to over Rs 1 lakh crore.

Here are five key things to know about the deal:

>TPG’s investment in Jio is Rs 4,546.80 crore for a 0.93 percent stake assigning it an equity valuation of Rs 4.91 lakh crore and an enterprise valuation of Rs 5.16 lakh crore.