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The global investment firm L Catterton has invested Rs 1894.50 crore in Jio Platforms. This investment will translate into how much per cent equity stake in Jio Platforms on a fully diluted basis?

The global investment firm L Catterton has invested Rs 1894.50 crore in Jio Platforms. This investment will translate into how much per cent equity stake in Jio Platforms on a fully diluted basis? Correct Answer 0.39

  • Reliance Industries Ltd has confirmed that the global investment firm L Catterton has invested Rs 1894.50 crore in Jio Platforms.
  • This becomes the tenth investment in Jio Platforms in the past few weeks.
  • L Catterton’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. 

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