Friday, 24 March, 2023

American investment firm KKR invests Rs 11,376 Cr in Jio platforms

<p>World&#39;s leading financial investor, KKR, announced an investment of Rs 11,376 Cr in Reliance Jio platforms. The fifth investment values Jio platforms at Rs 4.91 L Cr equity value and Rs 5.16 L Cr enterprise value. Being KKR&rsquo;s largest Asian investment, it will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Facebook and other leading tech-investors also announced an aggregate investment of Rs 78,562 Cr in Jio.<br /> &nbsp;</p>