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