On 17th May 2020, Reliance, Jio has locked the 4th big deal in less than four weeks who also successfully closed enormous deals with Facebook, Silverlink and Vista previously.
General Atlantic Firm is an American private equity firm recently planned to invest 6,600 crores for 1.34% equity stake in the company Reliance Jio.
Also, investing in Reliance Jio is going to be GA’s biggest investment in Asia. Jio will benefit with the entry of General Atlantic as they hold a track record of investing in technology, healthcare, consumer and financial service sectors, says Mukesh Ambani. Ambani also claims to have raised ₹60,596.37 crores in less than three weeks, even before GA invested in the company.
With this, they have 40 years of proven experience in global and strategic investments that will add a great deal of value to Reliance, Jio.
I am thrilled to welcome General Atlantic, a marquee global investor, as a valued partner. I have known General Atlantic for several decades and greatly admired it for its belief in India’s huge growth potential, says Ambani.
General Atlantic has also previously invested in top companies like Airbnb, Alibaba and ByteDance etc.