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General Atlantic Is Said to Be In Talks for Reliance Jio Stake

  • Private equity firm could invest $850 million to $950 million
  • Jio has sealed $8 billion in investments in recent weeks
     
Photographer: Dhiraj Singh/Bloomberg

General Atlantic is in talks to invest in Reliance Industries Ltd.’s Jio Platforms, according to people with knowledge of the matter, which would make it the latest in a series of high-profile backers of the $65 billion Indian telecommunications provider.

The private equity firm is considering investing about $850 million to $950 million in the Mumbai-based company, the people said, asking not to be identified because the information is private. The deal could be completed as soon as this month, though no agreement has been finalized and plans may change, the people said.