Investment firm KKR to put up Rs 11,367 crore for 2.32% stake in Reliance Jio

Reliance Industries Limited and Jio Platforms announced on Friday that global investment firm KKR will invest Rs 11,367 crore for a 2.32% equity stake in Jio on a fully diluted basis.

This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

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.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries focused on providing high-quality and affordable digital services across India. It has over 388 million subscribers.