US-based TPG Capital close to becoming Reliance Jio’s next investor
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US-based Texas Pacific Group, popularly known as TPG Capital, is reportedly in talks to be another investor in Mukesh Ambani’s Reliance Jio Platforms. Reportedly, TPG Capital has been in talks with Reliance Jio for the past few weeks and is expected to invest close to $1 Bn to $1.2 Bn. One of the sources also mentioned that the deal could go up to $1.5 Bn and the companies will announce the investment in a couple of days.