# Reliance Jio-General Atlantic deal: Six things you should know (HT Tech) > General Atlantic will be investing ₹6,598.38 crore in Reliance Industries Limited’s (RIL) Jio platforms. # Reliance Jio-General Atlantic deal: Six things you should know ## General Atlantic will be investing ₹6,598.38 crore in Reliance Industries Limited’s (RIL) Jio platforms. May 18 2020, 07:30 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![This massive investment by the firm translates to a (not so massive) 1.34% equity stake in Jio Platforms.](https://images.hindustantimes.com/tech/img/2020/05/17/960x540/jio4_1589754040102_1589754041105.jpg) This massive investment by the firm translates to a (not so massive) 1.34% equity stake in Jio Platforms. (HT) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By HT TECH Reliance Jio is on a ‘partnership spree’ of some sort these days. After getting investments from Facebook, Silver Lake Partners and Vista Equity Partners, the Indian telecom firm has entered into its fourth agreement with General Atlantic. Once again, the money involved is huge and Jio is giving a part of equity stake to the US firm in return. So, what’s exactly at stake and what are the details of the Reliance Jio-General Atlantic deal? Here are some easy pointers to update you. -General Atlantic is a US-based equity firm that will be investing ₹6,598.38 crore in Reliance Industries Limited’s (RIL) Jio platforms. -This massive investment by the firm translates to a (not so massive) 1.34% equity stake in Jio Platforms. Also read click here. -As mentioned by RIL, the latest investment by General Atlantic pushes the value of Jio Platforms’ equity value to ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. -And with the General Atlantic’s investment of ₹6,598.38 crores, Jio Platforms have raised ₹67,194.75 crore thus far. Also read: Reliance Jio’s 3 deals with Facebook, Silver Lake and Vista: Adding it all up -In a tweet, General Atlantic also mentioned the reason behind the massive investment. “GA is investing $875 million in Jio Platforms, India’s leading digital services platform. We are excited to partner with the Jio team to help scale wireless connectivity and accelerate digital growth across India,” tweeted the firm. -General Atlantic in the past has invested in leading technology platforms such as Airbnb, Alibaba, Ant Financial, Box, ByteDance, Facebook, Slack, Snapchat, and Uber more. The spree -On April 22, Facebook acquired a 9.99% stake in RIL by investing $5.7 billion on ₹43, 574 crores. This deal made Facebook the largest minority stake holder in Reliance Jio. -On May 4, RIL announced that US-based equity firm Silver Lake was investing a sum of ₹5665.75 crore in Jio Platforms. The Silver Lake deal pushed Reliance Jio's enterprise value up to ₹5.15 lakh crore which represents a 12.5% premium to the equity valuation of the Facebook investment. -May 8, RIL announces that US-based private equity firm Vista Equity Partners has invested a sum of ₹11,367 crore in Jio Platforms for a 2.32% stake. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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