Jio Platforms to raise ₹1,895 crore from L Catterton in its 10th deal in 8 weeks

Mukesh Ambani-led Jio Platforms has announced that it is raising ₹1894.5 crore from US-based L Catterton, the world's largest consumer-focused private equity firm. The LVMH-backed private equity firm will pick a 0.39% stake in Jio Platforms. This marks the tenth investment in the company within eight weeks. Reliance Industries has now sold 22.38% stake in Jio Platforms for ₹1,04,326.95 crore.