The United States-based private equity fund’s agreement to take a 1.3% stake sets an enterprise value of 5.16 trillion rupees (US$68bil) for the digital services business of Mukesh’s Reliance Industries Ltd, the Mumbai-based company said.
MUMBAI: Billionaire Mukesh Ambani has extended his fund-raising streak for Jio Platforms Ltd by selling a US$873mil stake to General Atlantic, an early investor in Airbnb Inc and Uber Technologies Inc.
The United States-based private equity fund’s agreement to take a 1.3% stake sets an enterprise value of 5.16 trillion rupees (US$68bil) for the digital services business of Mukesh’s Reliance Industries Ltd, the Mumbai-based company said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
