US giant KKR buys 2.3% in Jio for ₹11,367 cr

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US giant KKR buys 2.3% in Jio for ₹11,367 cr

May 22, 2020 09:56 IST

After Facebook, US private equity giant KKR & Co. Inc. has bought a 2.32% stake in Jio Platforms, for ₹11,367 crore, Reliance Industries said on Friday. This is the fifth deal Reliance has struck in four weeks. Prior to this, Jio Platforms had raised over ₹67,000 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.

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