US-based TPG Capital is reportedly in talks with Jio Platforms as it plans to buy a stake in Reliance Industry Limited’s (RIL) subsidiary.

TPG Capital is expected to invest around $1 billion- $1.2 billion in Jio Platforms.

Post the deal, TPG would join American private equity peers KKR, Silver Lake and General Atlantic in picking up a stake in the Jio Platforms.

TPG is an investor in several top global technology disruptors such as Uber, AirBnB and SurveyMonkey.