Home India US company KKR to invest Rs 11,367 crore in Reliance Jio, will...

US company KKR to invest Rs 11,367 crore in Reliance Jio, will buy 2.32% stake

This is the fifth big deal of Jio platforms in a month. With this five deals, Jio platform has raised Rs 78,562 crore in a month.

New Delhi: Continuous foreign investment continues in Reliance Jio and now in a month, Reliance Jio has confirmed the fifth big deal. US-based company KKR has announced a major investment in Reliance Industries’ Jio platforms. KKR will invest Rs 11,367 crore in Jio platforms. Under this investment, KKR will buy a 2.32 per cent equity stake in Reliance Jio Platforms. This is KKR’s biggest investment in any company in Asia so far.



Let us know that earlier Facebook, Silverlake, Vista Equity Partners and General Atlantic have invested in Jio. This is the fifth big deal of Jio platforms in a month. With this five deals, Jio platform has raised Rs 78,562 crore in a month.

Investment in
Jio platforms so far for 17.12 per cent stake So far, investment in Jio platforms has been announced for 17.12 per cent stake. Under this, Facebook has announced to buy 9.99 per cent, Silverlake 1.15 per cent, Vista Equity Partners 2.32 per cent, General Atlantic 1.34 per cent and now KKR 2.32 per cent.



The deal with General Atlantic was done
on May 17. On May 17, Reliance Jio had announced an investment of Rs 6598.38 crore by New York private equity company General Atlantic. Under this deal, General Atlantic is buying a 1.34 percent stake in Jio Platforms. This was General Atlantic’s biggest investment in any Asian company.



Other big
deals of Reliance Jio Before this kind of KKR deal, Reliance Jio made four big mega deals and through this they got fund of Rs 67,194.75 crore. Explain that in this order, Facebook had first announced to take 9.99 per cent stake in Reliance Jio Platforms for Rs 43,574 crore.

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Just days after the Facebook deal, Silverlake, the world’s largest tech investor, bought 1.15 percent stake of Jio for Rs 5,665.75 crore. Apart from this, Vista Equity Partners of America had announced the purchase of 2.32 per cent stake in Jio Platforms and an investment of Rs 11,367 crore for this.

 

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