Last week in Reliance Jio Atlantic deal, Jio has secured Fourth whopping investment from General Atlantic, a US Investment firm. Atlantic will invest Rs 6,598.38 Crores in Reliance Jio Platforms by taking 1.34% equity stake. The equity value of such stake is at Rs 4.91 lakh crore.
US based private equity firm KKR, ( formerly known as Kohlberg Kravis Roberts & Co) Valuating digital units of Reliance industries at $65 billion, has announced that it will invest $1.5 billion ( up to Rs 11,367 crore ) in Jio Platforms for a 2.32% stake. This is KKR’s largest investment in Asia, after General Atlantic’s 6,598.38 crores.
Founded in 1976, KKR has an indomitable history of building leading global enterprises and investing in enterprises in the Technology like BMC Software, ByteDance and GoJek through its PE and Tech Growth Funds.
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KKR till now, has put over $30 billion as investments in IT companies, and today the firm’s Tech portfolio has more than a dozen companies across the globe in sectors such as IT, Media and Telecom.
Mukesh Ambani, CMD of Reliance Industries, said, “I am delighted to welcome Henry Kravis, Co-Founder and Co-CEO of KKR, world’s most respected financial investors with a proven track record of being a highly valued partner. KKR will tie up with Jio in transforming the Indian digital ecosystem by building a premier digital society for the benefit of all Indians.