Jio raising Rs 4,546.80 Cr from TPG for 0.93% stake
Image Credit: shortpedia
Over the past seven weeks, it has become a regular weekend thing: Reliance announcing a new funding round. And, it didn’t disappoint this week as well. It just informed the media that the American global alternative asset firm TPG is all set to invest Rs 4,546.80 crore in Reliance Jio for 0.93% stake. The latest deal is made at a similar valuation to the other recent private equity investments in Jio.