L Catterton and TPG join the list of global investors acquiring stake in Jio platforms

RIL has announced that PE firms TPG and L Catterton will invest Rs 45.47 billion ($600 million) and Rs 18.94 billion ($250 million), respectively, in Jio Platforms. TPG’s investment will translate into a 0.93 per cent stake while L Catterton will hold 0.39 per cent on a fully diluted basis.