BSE Limited National Stock Exchange of India Limited: L Catterton To Invest 1,894.50 Crore in Jio Platforms

June 13, 2020
BSE Limited National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot No. C/1, G Block, Bandra – Kurla Complex,
Mumbai 400 001 Bandra (East),
Mumbai 400 051
Scrip Code: 500325 Trading Symbol: RELIANCE
Dear Sirs,
Sub: Media Release
We attach a copy of the media release issued by the Company, titled “L CATTERTON
TO INVEST ₹ 1,894.50 CRORE IN JIO PLATFORMS”.
This is for your information and dissemination on your website.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Joint Company Secretary and Compliance Officer
Copy to:
The Luxembourg Stock Singapore Stock Taipei Stock Exchange
Exchange Exchange 15F, No.100, Sec. 2,
Societe de Ia Bourse de 2 Shenton Way, Roosevelt Road,
Luxembourg #19- 00 SGX Centre 1, Taipei, Taiwan, 10084
35A boulevard Joseph II Singapore 068804
B P 165, L-2011 Luxembourg
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com
CIN- L17110MH1973PLC019786
Media Release
L CATTERTON TO INVEST ₹ 1,894.50 CRORE IN JIO PLATFORMS
L CATTERTON’S DEEP CUSTOMER UNDERSTANDING TO BOLSTER JIO’S TECH

INITIATIVES FOR INDIAN CONSUMERS
JIO PLATFORMS HAS NOW ANNOUNCED INVESTMENT OF ₹ 104,326.95 CRORE BY

LEADING GLOBAL INVESTORS IN EIGHT WEEKS
Mumbai, June 13, 2020: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited
(“Jio Platforms”), India’s leading digital services platform, today announced an investment of ₹ 1894.50
crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment
values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.
L Catterton’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.
With this investment, Jio Platforms has raised ₹ 104,326.95 crore from leading global investors including
Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L
Catterton since April 22, 2020.
Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform

focused on providing high-quality and affordable digital services across India, with more than 388 million
subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by
leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big
data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain.
Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including
small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive
growth.
Founded in 1989, L Catterton is the investment partner of choice for leading consumer-focused brands
around the world. With a 30-year track record of leveraging its operational expertise, deep sector
insights, global network of resources, and its unique partnership with LVMH and Groupe Arnault, L
Catterton has successfully invested in and helped build some of the most innovative brands at the
forefront of the evolving consumer landscape, including Peloton, Vroom, ClassPass, Owndays,
FabIndia, and more.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am delighted to
welcome L Catterton as a partner in our journey to unleash the power of digital for India while providing
a consumer experience that is among the best in the world. I particularly look forward to gaining from L
Catterton’s invaluable experience in creating consumer-centric businesses because technology and
consumer experience need to work together to propel India to achieving digital leadership.”
Michael Chu, Global Co-CEO of L Catterton, said, “Over our more than 30 year history, we have
established a track record of building many of the most important brands across all consumer categories
and geographies, from retailers, omni-channel and digitally native brands. We are strong supporters of
fostering growth through product development, enhanced digital capabilities and strategic alliances. We
look forward to partnering with Jio, which is uniquely positioned to execute on its vision and mission to
transform the country and build a digital society for 1.3 billion Indians through its unmatched digital and
technological capabilities.”
Page 1 of 2
Media Release
The transaction is subject to regulatory and other customary approvals.
Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk &
Wardwell acted as legal counsels.
About Reliance Industries Limited (RIL)

RIL is India’s largest private sector company, with a consolidated turnover of INR 659,205 crore
($87.1 billion), cash profit of INR 71,446 crore ($9.4 billion), and net profit of INR 39,880 crore
($5.3 billion) for the year ended March 31, 2020.
RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing,
petrochemicals, retail and digital services. RIL is the top-most ranked company from India to feature in
Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 106th in terms of both
revenues and profits. The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top-
most among Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In
India’ (2019).
About Jio Platforms Limited

Jio Platforms Limited (“Jio”), a wholly-owned subsidiary of Reliance Industries Limited, has built a world-
class all-IP data strong future proof network with latest 4G LTE technology (through its wholly-owned
subsidiary, Reliance Jio Infocomm Limited). It is the only network conceived and born as a Mobile Video
Network from the ground up and supporting Voice over LTE technology. It is future ready and can be
easily upgraded to support even more data, as technologies advance on to 5G, 6G and beyond.
Jio will bring transformational changes in the Indian digital services space to enable the vision of Digital
India for 1.3 billion Indians and propel India into global leadership in the digital economy. It has created
an eco-system comprising of network, devices, applications and content, platforms, service experience
and affordable tariffs for everyone to live the Jio Digital Life. As part of its customer offers, Jio has
revolutionised the Indian telecom landscape by making voice calls for Jio customers absolutely free,
across India, to any network, and always. Jio makes India the highest quality, most affordable data
market in the world so that every Indian can do Datagiri.
About L Catterton
With approximately $20 billion of equity capital across seven fund strategies in 17 offices globally, L
Catterton is the largest consumer-focused private equity firm in the world. L Catterton's team of nearly
200 investment and operating professionals partner with management teams around the world to
implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and
a broad thought partnership network. Since 1989, the Firm has made over 200 investments in leading
consumer brands. L Catterton was formed through the partnership of Catterton, LVMH, and Groupe
Arnault. For more information about L Catterton, please visit www.lcatterton.com.
Page 2 of 2

BSE Limited National Stock Exchange of India Limited: L Catterton To Invest 1,894.50 Crore in Jio Platforms

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June 13, 2020

BSE Limited National Stock Exchange of India Limited

Sub: Media Release

This is for your information and dissemination on your website.

L CATTERTON’S DEEP CUSTOMER UNDERSTANDING TO BOLSTER JIO’S TECH

JIO PLATFORMS HAS NOW ANNOUNCED INVESTMENT OF ₹ 104,326.95 CRORE BY

Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform

About Reliance Industries Limited (RIL)

About Jio Platforms Limited

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