Mukesh Ambani scores 5th cheque! KKR to invest Rs 11,367 cr into Jio Platforms
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh cr and an enterprise value of Rs 5.16 lakh cr; KKR is making investment from its Asia private equity and growth technology funds
- May 22, 2020,
- Updated May 22, 2020 10:00 AM IST
Reliance Industries on Friday announced that KKR would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is KKR's largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis. KKR is making the investment from its Asia private equity and growth technology funds.
Over the last month, leading technology investors such as, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.
Reliance Industries on Friday announced that KKR would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is KKR's largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis. KKR is making the investment from its Asia private equity and growth technology funds.
Over the last month, leading technology investors such as, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.