Facebook and ByteDance investor General Atlantic pumps $870 million into Reliance Jio

published 17.05.2020 14:07

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India’s Reliance Jio has scored its fourth investment in four weeks.

US-based firm General Atlantic has invested ₹6,598.38 cores ($870 million) in Jio Platforms in exchange for a 1.34% stake.

In the past month, Facebook, Silver Lake, and Vista have invested more than $8 billion in Jio, picking up 9.9%, 1%, and 2.32% stakes.