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RIL And Jio Bags ₹11,367 Crore Investment From US-Based KKR

BP World Bureau | May 22 2020 10:36:38 AM
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Reliance Industries Limited (RIL) and Jio Platforms Limited announced that the US-based investment firm KKR will invest ₹11,367 crores in exchange for a 2.32% equity stake, making it the fifth big investment Jio platforms have received in a month.

This is also regarded as KKR's largest investment in Asia, with the latest transaction values at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore in Jio platforms. 

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Amidst the COVID outbreak and lockdown, Jio platforms have received investments from Facebook, Silver Lake, Vista, General Atlantic.