Geo is the ninth investor to get a total investment of Rs 1,02,432.15 crore so far

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New Delhi, Saturday 13 June 2020

Mukesh Ambani is moving fast to make his company Reliance Industries debt free and to include Geo in the list of top digital companies in the world. Geo platforms have found nine investors in eight weeks. American investment company TPG Capital has invested Rs 4,546.80 crore in Geo. It has a 0.93 per cent stake in the company.

With the investment of TPG Capital, the investment figure in Geo has crossed one lakh crore. The company's nine investors have so far invested a total of Rs 1,02,432.15 crore. The company has sold 21.99 per cent stake so far.

Facebook bought 9.99 per cent stake for Rs 43,573 crore. It was re-invested by Silver Lake, Vista Equity, General Atlantic, KKR, Mubadla Investments, Silver Lake, Abu Dhabi Investments and now TPG Capital.

Recently there was a news that the final round of investment in Reliance Jio will be completed with Google or Microsoft. Reliance Jio will have to reject either of the two. Google or Microsoft will have a 6% stake in Reliance Jio. Ever since Facebook started negotiating with Geo for capital investment, Google has been keen to buy a stake in Geo.

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