US-based KKR picks 2.32 per cent stake in Jio Platforms for Rs 11,367 crore

NEW DELHI: Mukesh Ambani-led Reliance Industries Limited’s Infocomm and digital commerce unit, Jio platforms has continued its successful investment streak with US-based private equity firm, KKR now investing nearly $1.5 billion ( Rs 11, 367 crores) in the subsidiary for a 2.32% stake.

This is the fifth capital infusion into fast-growing Jio Platforms since over a month with the leading tech giant, Facebook and other private equity firms including Silver Lake, Vista Equity Partners and General Atlantic having invested in the unit.