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Tata Motors secures $1bn investment for new passenger EV business from TPG

By pallavi123 on October 12, 2021 Auto and Transport Industry News

Tata Motors Ltd (TML) said that it has reached a binding agreement with TPG Rise Climate under which the latter alongside its co-investor ADQ will invest INR 7,500 crores ($1 billion) in its new passenger electric vehicle (EV) business. The Indian automotive manufacturer is expected to incorporate a new subsidiary, which has been valued at […]

Reliance bags $850m investment for Jio Platforms from TPG and L Catterton

By Pallavi Madhiraju on June 14, 2020 Technology Industry News

Reliance Industries has bagged two more investments for its digital services platform Jio Platforms, totaling about INR 64 billion ($850 million) in separate deals with global alternative asset firm TPG and L Catterton, a consumer-focused private equity firm. TPG has agreed to invest INR 45.46 billion ($600 million) in Jio Platforms for a stake of […]