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India’s leading digital services platform Jio Platforms Limited a wholly-owned subsidiary of Reliance Industries Limited announced an investment of around USD 990 million by a leading global growth equity firm General Atlantic. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis.

Recently Jio Platforms has raised approximately USD 10 billion from leading technology investors including Facebook, Silver Lake, and Vista Equity Partners. General Atlantic is a leading global growth equity firm with a 40-year track record of investing in the Technology, Consumer, Financial Services and Healthcare sectors.

The major deals and supports by Reliance Industries are featured below:

  • May 2020: Jio Platforms Limited has announced that Vista Equity Partners will invest $1.7 billion into the company. Texas based Vista’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis.
  • May 2020: Reliance Industries Limited subsidiary Jio Platforms announced that Silver Lake will invest approximately $850 million into Jio Platforms. Jio is building a Digital Society for India with various apps and digital ecosystems.
  • April 2020: Jio Platforms Limited had announced that Facebook will invest approximately $6 billion in Jio Platforms for a 9.99% equity stake of the company on a fully diluted basis.
  • April 2020: Reliance Industries Ltd. (RIL) had announced that it will enhance its support to the service of the nation 24×7 in a collective fight against Covid-19. The company has already initiated a multi-pronged prevention, mitigation, and ongoing support strategy that is comprehensive, sustainable, and resilient.
  • March 2020, RIL announced $66 million contribution to India’s PM CARES Fund to fight against Covid-19. The company also supports with medical devices, food delivery for health workers and caregivers. The company announced that its employees are ready for nation’s service daily.

About Jio Platforms Limited
Jio Platforms Limited is a world-class digital platform provider, headquartered in India. It is a wholly-owned subsidiary of Reliance Industries Limited. It is a next-generation technology company building a Digital Society for India by bringing together Jio’s leading digital apps, digital ecosystems and high speed connectivity platform under one umbrella in India. Jio provides digital platform and technologies such as Broadband connectivity, Smart Devices, Cloud and Edge Computing, Big Data Analytics, Artificial Intelligence and Internet of Things.

About Reliance Industries Limited
Reliance Industries Limited, headquartered in Mumbai, India, is a leading multinational company. RIL’s activities include petroleum refining and marketing, hydrocarbon exploration and production, petrochemicals, retail and digital services. The company’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.

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