Reliance Jio, the digital services subsidiary of Reliance Industries Ltd has sold a 22% stake worth $13.7 billion to ten global investors over the last eight weeks.
According to the Daily Mint, this is by far the largest known Private Equity investment in a single company in India. California-based TPG Capital and Greenwich-headquartered L. Catterton on Saturday are the latest investors to join the rush. The investments will translate into a 0.93% stake for TPG and a 0.39% stake for L. Catterton in Jio Platforms.
TPG is an alternative assets investor with at least $119 billion worth of assets under management. Michael Chu, global co-CEO of L. Catterton, said, “We’re strong supporters of fostering growth through product development, enhanced digital capabilities and strategic alliances.” With about $20 billion of equity capital across seven fund strategies in 17 offices globally, L. Catterton is the world’s largest consumer-focused PE firm.
Last updated: December 26th, 2025
