Home / Companies / News / KKR picks up 2.32% stake in Mukesh Ambani's Jio Platforms for Rs 11,367 cr

KKR picks up 2.32% stake in Mukesh Ambani's Jio Platforms for Rs 11,367 cr

Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is its largest investment in Asia

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The investments are expected to help RIL reduce its debt and expand its digital offerings

2 min read Last Updated : May 23 2020 | 1:10 AM IST

Jio Platforms, the digital services subsidiary of Reliance Industries (RIL), is selling a 2.32 per cent stake for Rs 11,367 crore, with the transaction valuing the firm at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. Vista Equity Partners and General Atlantic had picked up stakes in Jio at similar valuations earlier this month. Total investment of the five deals announced so far is Rs 78,562 crore for a 17.12 per cent stake.

Commenting on the deal, Mukesh Ambani, chairman and managing director of RIL, said, “We are looking forward to leveraging KKR’s global

Topics : Reliance Jio KKR Mukesh Ambani Bharti infratel Coffee Day Max Financial

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