Reliance Industries (RIL) announced that KKR will pick up 2.32 percent stake in Jio Platforms for an investment of Rs 11,367 crore.
This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.
This is KKR’s largest investment in Asia. KKR, founded in 1976, has invested in businesses in the technology sector, including BMC Software, ByteDance and GoJek through its private equity and technology growth funds.