KKR to invest Rs 11,367 crore in RIL’s Jio Platforms. Here’s what you need to know

Reliance Industries Limited (RIL) said on Friday US equity firm KKR will invest Rs 11,367 crore for a 2.32% stake in its digital arm, Jio Platforms, in the fifth major investment announced in Mukesh Ambani’s oil-retail-to-telecom conglomerate in four weeks.

In KKR’s largest investment in Asia, 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.

Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic as part of the plan to make RIL net debt-free before March 31, 2021.