Page 2 - General Atlantic
General Atlantic to invest Rs 3,675 cr in Reliance Retail for 0.84% stake
This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year
 "General Atlantic to invest Rs 3,675 cr in Reliance Retail for 0.84% stake")
In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days
Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020
 "In pics: How Mukesh Ambani's RIL became net debt-free in just 58 days")
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
 "Is India's richest man Mukesh Ambani betting on US-China tech war?")
Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
 "Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021")
Top biz headlines: Final tranche of Rs 20-trn package, lockdown 4.0 & more
Here are the top ten business headlines on Monday morning
 "Top biz headlines: Final tranche of Rs 20-trn package, lockdown 4.0 & more")
General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore
This is the fourth such stake sale within a month and it values Jio Platforms at Rs 4.91 trillion on an equity basis and Rs 5.16 trillion on an enterprise-value basis
 "General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore")
General Atlantic picks 1.34% stake in Jio platforms for Rs 6,598.38 cr
Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks
 "General Atlantic picks 1.34% stake in Jio platforms for Rs 6,598.38 cr")
Saudi, US companies also eyeing stakes in Reliance's Jio Platforms
The deal could be completed as soon as this month, though no agreement has been finalised and plans may change
Bengaluru-based real estate start-up NoBroker raises $30 mn
Ranging from rental, sale, or resale, to post transaction services like loans, packers and movers, legal documentation, online rent payment, interiors, NoBroker offers a bouquet of real estate service
 "Bengaluru-based real estate start-up NoBroker raises $30 mn")
Byju's raises $200 mn from General Atlantic, current valuation at $8.2 bn
GA is an existing investor in the Bengaluru-based firm
 "Byju's raises $200 mn from General Atlantic, current valuation at $8.2 bn")
General Atlantic names former Union Bank chief M V Nair chairman of KFin
Nair is the current chairman of TransUnion CIBIL and also an advisor to a few private equities- and venture capital-funded companies in India.
 "General Atlantic names former Union Bank chief M V Nair chairman of KFin")
General Atlantic acquires 27% of Ching's Secret for Rs 3.7 billion
General Atlantic's other companies in the country have typically been driven around financial technology ventures and businesses that connect closely with consumers
 "General Atlantic acquires 27% of Ching's Secret for Rs 3.7 billion")
General Atlantic invests $130 million in Hyderabad's KIMS Hospitals
As part of the transaction, the firm has invested over $130 million in a combination of primary capital and secondary purchases to acquire a significant stake in the firm
General Atlantic acquires stake in KIMS Hospitals for $130 million
General Atlantic's entry has paved the way for exit of ICICI Ventures, which had invested Rs 2.2 billion in the company in 2014
 "General Atlantic acquires stake in KIMS Hospitals for $130 million")
