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Wireless

KKR acquires 2.32% stake in Jio Platforms for nearly INR 114 billion

Friday 22 May 2020 | 10:33 CET | News
Reliance Industries and Jio Platforms have announced today that KKR will invest INR 113.67 billion into Jio Platforms. This transaction values Jio Platforms at an equity value of INR 4.91 and an enterprise value of INR 5.16 trillion. KKR's investment will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis. Over the last month, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of INR 785.62 billion into Jio Platforms.

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Categories: Mobile & Wireless
Companies: Reliance Industries
Countries: India
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