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

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 platform, industry knowledge, and operational expertise to further grow Jio.”