L Catterton injects $250m into Reliance Jio Platforms as part of new investment

US private equity firm L Catterton will invest $250m into Indian telecom operator Reliance Jio Platforms. At the same time, Reliance Jio Platforms also saw its coffers bolstered by a $600m capital injection from venture capital investor TPG Capital. L Catterton and TPG Capital will take a 0.39% and a 0.93% equity stake in the …