General Atlantic, US investment firm, will be investing ₹6,598.38 crore in Reliance owned Jio Platforms for 1.34% stake..AZB & Partners acted for Reliance Jio and the team was led by Partners Ashwath Rau and Nilanjana Singh.Davis Polk & Wardwell acted as International Counsel for Jio Platforms..Shardul Amarchand Mangaldas advised GA Atlantic and the team was led by Partner Raghubir Menon, Sakshi Mehra and Natashaa Shroff along with Principal Associate Deep Rekha and Senior Associate Srishti Maheshwari.Paul, Weiss, Rifkind, Wharton & Garrison acted as International Counsel to General Atlantic and the team was led by Partner Matt Abbott..This is the fourth investment in Jio Platforms after Facebook, Silver Lake and Vista Equity Partners. In all the deals, AZB has acted for Jio Platforms and SAM for all the investors..US social media major Facebook invested Rs. 43,574 crore (USD 5.7 billion) into Jio Platforms for a 9.99% stake..SAM, AZB, Hogan, Davis Polk lead on Facebook 43,574 crores investment in Jio Platforms.Private Equity firm Silver Lake is investing Rs. 5,656 crores ($746.74 million) in Jio Platforms.After 43k crore Facebook investment, PE Silver Lake invests 5,656 crore in Jio Platforms as AZB, SAM lead.Private equity firm Vista Equity Partners has invested Rs. 11,367 crore for a 2.32% stake in Jio Platforms..Hat-Trick: AZB, SAM act on third investment in Jio Platforms with Vista Equity Partners picking 2.32% stake for Rs 11,367 crore.This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised ₹ 67,194.75 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks.
General Atlantic, US investment firm, will be investing ₹6,598.38 crore in Reliance owned Jio Platforms for 1.34% stake..AZB & Partners acted for Reliance Jio and the team was led by Partners Ashwath Rau and Nilanjana Singh.Davis Polk & Wardwell acted as International Counsel for Jio Platforms..Shardul Amarchand Mangaldas advised GA Atlantic and the team was led by Partner Raghubir Menon, Sakshi Mehra and Natashaa Shroff along with Principal Associate Deep Rekha and Senior Associate Srishti Maheshwari.Paul, Weiss, Rifkind, Wharton & Garrison acted as International Counsel to General Atlantic and the team was led by Partner Matt Abbott..This is the fourth investment in Jio Platforms after Facebook, Silver Lake and Vista Equity Partners. In all the deals, AZB has acted for Jio Platforms and SAM for all the investors..US social media major Facebook invested Rs. 43,574 crore (USD 5.7 billion) into Jio Platforms for a 9.99% stake..SAM, AZB, Hogan, Davis Polk lead on Facebook 43,574 crores investment in Jio Platforms.Private Equity firm Silver Lake is investing Rs. 5,656 crores ($746.74 million) in Jio Platforms.After 43k crore Facebook investment, PE Silver Lake invests 5,656 crore in Jio Platforms as AZB, SAM lead.Private equity firm Vista Equity Partners has invested Rs. 11,367 crore for a 2.32% stake in Jio Platforms..Hat-Trick: AZB, SAM act on third investment in Jio Platforms with Vista Equity Partners picking 2.32% stake for Rs 11,367 crore.This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised ₹ 67,194.75 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks.
