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In Jio's 5th big deal in a month, KKR picks up 2.32% stake for Rs 11,367 cr

Total Rs 78,562 crore invested in recent weeks that value Jio Platforms for an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion

Reliance Jio 4G | reliance industry

Limited (RIL) on Friday announced that will invest Rs 11,367 crore in Jio Platforms.

This transaction values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion.

This is KKR’s largest investment in Asia and will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis.

Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and have announced aggregate investments of Rs 78,562 crore into Jio Platforms.

Jio Platforms is a wholly owned subsidiary of Limited.

ALSO READ: General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore

"I am delighted to welcome KKR, one of the world's most respected financial investors, as a valued partner in our onward march to growing and transforming the Indian digital ecosystem for the benefit of all Indians," said RIL Chairman Mukesh Ambani.

is making the investment from its Asia private equity and growth technology funds.

ALSO READ: Silver Lake checks into Jio Platforms, snaps up 1.15% for over Rs 5,600 cr

"Founded in 1976, KKR has a long history of building leading global enterprises and successfully investing in businesses in the technology sector, including BMC Software, ByteDance and GoJek through its private equity and technology growth funds. Since inception, the firm has invested over $30 billion (total enterprise value) in tech companies, and today the firm’s technology portfolio has more than 20 across the Technology, Media and Telecom sectors.

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First Published: Fri, May 22 2020. 12:35 IST

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