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KKR picks up 2.32% stake in Mukesh Ambani’s Jio Platforms for Rs 11,367 cr

Jio Platforms, the digital services subsidiary of Reliance Industries (RIL) is selling a two.32 per cent stake for Rs eleven,367 crore to KKR. The transaction, declared on Friday, values Jio Platforms at an equity worth of Rs four.ninety one trillion and organization valuation of Rs 5.16 trillion. This valuation is comparable to the discounts declared above the previous two months with Vista Equity Companions and General Atlantic. The cumulative investments of the 5 discounts declared so far is Rs seventy eight,562 crore for a seventeen.one per cent stake. For KKR, which has investments in Avendus

Capital, Bharti Infratel, Espresso Working

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Cyclone Amphan LIVE: PM announces Rs 1000 cr for WB, Odisha gets Rs 500 cr

Cyclone Amphan Reside updates: The central authorities will give West Bengal Rs 1,000 crore and Rs 500 crore to Odisha as interim support for the problems caused by Cyclone Amphan, mentioned Prime Minister Narendra Modi on Friday soon after a go to to the two states.
Households of these killed will get Rs two lakh each and every as ex-gratia and the injured will get Rs 50,00, he mentioned soon after traveling above flooded parts of West Bengal. Main Minister Mamata Banerjee mentioned eighty individuals have died in the cyclone and requested Modi to treat it as a countrywide
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Yes Bank crisis: Indiabulls Housing says bank owes it Rs 662 cr in bonds


Indiabulls Housing Finance on Sunday said Yes Bank owes Rs 662 crore in the form of bonds to the company and it has no term loans outstanding from the lender.


“We wish to inform that Yes Bank owes to Indiabulls Housing Finance Rs 662 crore via additional tier 1 (AT-1) bonds,” it said in a regulatory filing.



The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value,

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