US Private Equity Firm KKR To Buy 2.3% Stake In Jio Platforms For 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, Reliance Industries said in a statement released early on Friday. This is KKR's largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis, said the conglomerate led by billionaire Mukesh Ambani company said in a statement. “I am delighted to w...