KKR to Invest Rs 11367 Crore in Jio Platforms, will Buy 2.32% Stake
New Delhi : The line of investors of Reliance Industries’ Jio Platforms continues to grow. Now the US private equity firm KKR has announced an investment of Rs 11367 crore in Jio. The PE firm will buy a 2.32 per cent stake in Jio platform. This is the fifth deal to invest in Jio Platforms in a month. Earlier, Facebook, PE firm Silver Lake, Vista Equity Partner and General Atlantic had invested in Jio.
According to Reliance Industries, Jio Platforms will have an equity value of Rs 4.91 lakh crore and enterprise value of Rs 5.16 lakh crore based on the deal with KKR. This investment is KKR’s largest ever investment in Asia.
With this deal, Jio Platforms has raised a total of Rs 78562 crore from 5 investors. On May 18, General Atlantic announced 1.34 per cent stake with an investment of Rs 6598 crore, on May 8, Vista Equity Partner announced a 2.32 per cent stake with an investment of Rs 11367. On May 3, American private equity firm Silver Lake bought a 1.15 per cent stake for Rs 5656 crore. On 22 April, Facebook announced to buy 9.99 percent stake for about Rs 4,3500 crore.