KKR to buy 2.32% stake in Jio Platforms for Rs 11,367 crore

Global investment firm KKR has decided to invest Rs 11,367 crore in Jio Platforms, a wholly-owned subsidieary of Reliance Industries Limited (RIL). The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

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. Over the last month, leading investors such as Facebook, Silver Lake, Vista and General Atlantic, and now KKR, have announced aggregate investments of Rs 78,562 crore into Jio Platforms.

Mukesh Ambani, chairman and MD, RIL, said, “We are looking forward to leveraging KKR’s global platform, industry knowledge and operational expertise to further grow Jio.”