Jio Platforms raises Rs 11,367 crore from KKR

In its fifth fund raising in a month, Jio Platforms, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has raised Rs 11,367 crore from global investment firm KKR.

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.