Reliance Jio funding: Facebook, Silver Lake & others Invests $8.8 billion
India's leading telecom company Reliance Jio announced another funding round from US-based equity firm General Atlantic.
General Atlantic invests $873 Million in Reliance Jio for 1.34% stake, the company said in a statement.
This is the fourth deal of Investment in Reliance Jio in less than four weeks that will inject a combined $8.8 billion in the oil-to-telecom conglomerate to help it clear its debt.
The Investment puts Reliance Jio's total value around $68 billion.
According to the Pixr8 News data, the company has raised a total of $13.5 billion in funding over 9 rounds.
The recent deal of General Atlantic follows Facebook picking up a 9.99 percent stake in the firm for $5.7 billion. Within days of that deal, Silver Lake, the world's largest tech investor bought a 1.15...