GIC will invest Rs. 5,512 crore for a 1.22 percent stake, while TPG Capital Management will invest Rs. 1,838 crore to own a 0.41 percent equity stake in the retail arm, the company said.
Addressing the 43rd Annual General Meeting (AGM) of the company virtually, Ambani said, "We are delighted to welcome Google as a strategic investor in Jio Platforms.
This move is significant as it comes in the middle of the COVID-19 pandemic and as multinational companies across the world look at alternative investment destinations.
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G.
. L Catterton's team of nearly 200 investment and operating professionals partner with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad thought partnership network.
TPG is a leading global alternative asset firm founded in 1992 with more than $79 billion of assets under management across a wide range of asset classes, including private equity, growth equity, real estate and public equity.
Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners, and Davis Polk & Wardwell acted as legal counsel.
Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to world-class standards of governance.
Our goal with this investment is to enable new opportunities for businesses of all sizes, but especially for small businesses across India and create new and exciting digital ecosystems that will empower, enrich and uplift the lives of all 1.3 billion Indians.
The partnership assumes special significance for India in the wake of the severe disruptions caused by the coronavirus pandemic in the Indian and the global economy.