Reliance Industries

Mukesh Ambani's Jio Platforms Gets 9th Investor as L Catterton Announced to Invest Rs 1894.50 Cr

"This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of R 5.16 lakh crore. L Catterton's investment will translate into a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis," a RIL release said. This is an unprecedented tenth investment in Jio Platforms in seven weeks since April 22 this year. The release said it is remarkable that the investments were done amidst a global lock-down, clearly signifying India's digital potential and Jio's business strategy.