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

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Private equity firm KKR is set to invest Rs 11367 crore in Jio Platforms for a 2.32% stake. This will be the fifth investment in the Reliance Industries Ltd (RIL) business in rapid succession, following those by social media major Facebook, private equity funds Silver Lake, Vista Equity Partners and General Atlantic. Analysts expect more such deals to take place.
“This transaction values Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis,” RIL said in a release on Friday.

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

 

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• The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise value of Rs5.16 trillion
• Facebook, General Atlantic, Silver Lake and Vista Equity have invested in Jio Plarforms over the last one month

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

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