Industry Newsroom

L Catterton and TPG Invest USD850m in Indian Telecom Company Jio Platforms

TPG and L Catterton have invested a combined USD850m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, joining existing investors Facebook, KKR, General Atlantic, Vista Equity Partners, Mubadala Investment Company, and ADIA. TPG and L Catterton have invested USD600m and USD250m, respectively, for 0.93% and 0.39% stakes. Read more