US Equity Giant KKR To Invest Rs 11,367 Crore In Jio Platforms

New Delhi:

Following in Fb’s footsteps, US non-public fairness large KKR & Co. Inc. has purchased a 2.32 according to cent stake within the virtual unit Reliance Industries for Rs 11,367 crore, the billionaire Mukesh Ambani-led company stated on Friday.

That is the 5th deal Reliance has struck in 4 weeks on the market of minority stake within the unit that homes India’s youngest however biggest telecom company, Jio.

Previous to this, Jio Platforms had raised Rs 67,194.75 crore from main era traders together with Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic. 
 

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