KKR invests Rs 11,367 Crore in Jio Platforms, taking total investments in Jio upto Rs 78,562 Crore

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Reliance Industries Limited yesterday announced that KKR would invest Rs 11,367 crores into Jio Platforms, taking the total investment into Jio up to Rs 78,562 crore courtesy of investments from Vista, Silver Lake, Facebook, General Atlantic, and KKR. The deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Reliance stated that KKR would be making the investment from its Asia private equity and growth technology funds. The deal will be subject to regulatory and customary approvals. KKR has successfully invested in many technology businesses since its inception. It has invested over $30 billion since its inception with a firm portfolio across technology, media and telecom sectors.

“I am delighted to welcome KKR, one of the world’s most respected financial investors, as a valued partner in our onward march to growing and transforming the Indian digital ecosystem for the benefit of all Indians. KKR shares our ambitious goal of building a premier Digital Society in India. KKR has a proven track record of being a valuable partner to industry-leading franchises and has been committed to India for many years. We are looking forward to leveraging KKR’s global platform, industry knowledge and operational expertise to further grow Jio.”

Mukesh Ambani, Chairman and Managing Director of Reliance Industries

Henry Kravis, Co-Founder and Co-CEO of KKR, said, “Few companies have the potential to transform a country’s digital ecosystem in the way that Jio Platforms is doing in India, and potentially worldwide. Jio Platforms is a true homegrown next generation technology leader in India that is unmatched in its ability to deliver technology solutions and services to a country that is experiencing a digital revolution. We are investing behind Jio Platforms’ impressive momentum, world-class innovation and strong leadership team, and we view this landmark investment as a strong indicator of KKR’s commitment to supporting leading technology companies in India and Asia Pacific.”

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Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

News Reporter

Basil keeps an eye on the latest happenings in the Telecom sector. You can find him streaming the Premier League, which he started watching in 2013, in his free time.

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