After Facebook, General Atlantic invest Rs 6600 crore in JIO Platforms for 1.34% stake

Jio 's another step in during lockdown. Again, foreign companies invested in Reliance Jio . It is learned that a company called General...

Jio's another step in during lockdown. Again, foreign companies invested in Reliance Jio. It is learned that a company called General Atlantic has announced an investment of around Rs 6600 crore in Jio.

After Facebook, General Atlantic invest Rs 6600 crore in JIO Platforms for 1.34% stake

With this, the number four foreign company has expressed interest in investing in Jio. As a result, Mukesh Ambani proved himself again. Earlier, General Atlantic proved itself by investing in multiple technology businesses. Mukesh Ambani made it to the top of the rich list by investing in Jio.

Economists are surprised at the amount the private equity company has announced to pay for 1.34 percent of JIO. Earlier, several companies, including Facebook, have invested in Jio. After this, another equity firm Silver Lake invested in Jio. And because of which Jio turned around in the world market again. And as a result of this new investment, they proved themselves again. Everyone else is excited about how Mukesh Ambani is doing this.

General Atlantic is quite popular in the US market. They have previously invested in multiple companies. And this time, for the first time in the Indian market, they have shown interest in investing in Jio. And because of which it is thought that the Indian economy will turn around at least a little bit.

However, this is interesting enough where the rest of the organization is going through a difficult situation. Jio CEO Mukesh Ambani has started getting success after investing in Facebook. But never before has so much foreign investment been so fast. And that shows interest in the rest.