financetom
Business
financetom
/
Business
/
Jio Platforms-KKR deal: Key things to know about latest investment in RIL
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Jio Platforms-KKR deal: Key things to know about latest investment in RIL
May 22, 2020 4:07 AM

Oil-to-telecom major Reliance Industries (RIL) announced that the US-based private equity firm KKR will invest Rs 11,367 crore for 2.32 percent equity stake in its digital arm Jio Platforms, making it the fifth high-profile investment in a month.

Reliance Jio Platforms has attracted investments worth Rs 78,562 crore in the last one month from large investors including Facebook, Silver Lake, Vista and General Atlantic.

Here are some key things to know about the latest Jio-KKR deal:

> KKR will invest Rs 11,367 crore for a 2.32 percent equity stake in Jio Platforms.

> The KKR deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

> This is KKR’s largest investment in Asia.

> Jio Platforms has raised a total of Rs 78,562 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic and KKR in one month.

> 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.

> KKR has invested over $30 billion (total enterprise value) in tech companies, and today, the firm's portfolio has more than 20 companies across the technology, media and telecom sectors.

(Disclosure:

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Street Color: Visa Closes Open-Banking Business in US Due to Regulatory Uncertainty, Bloomberg Reports
--Street Color: Visa Closes Open-Banking Business in US Due to Regulatory Uncertainty, Bloomberg Reports
Aug 22, 2025
10:38 AM EDT, 08/22/2025 (MT Newswires) -- Price: 349.89, Change: +6.20, Percent Change: +1.80 ...
Market Chatter: Visa Shutters Open-Banking Business in US
Market Chatter: Visa Shutters Open-Banking Business in US
Aug 22, 2025
10:40 AM EDT, 08/22/2025 (MT Newswires) -- Visa (V) has shut down its open-banking business in the US due to uncertainty around consumer-data rights and the prospect of higher fees for customer information, Bloomberg reported Friday, citing people familiar with the matter. Visa did not immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived...
France's La Poste joins European peers in restricting US-bound parcel services
France's La Poste joins European peers in restricting US-bound parcel services
Aug 22, 2025
PARIS, Aug 22 (Reuters) - France's state-owned postal company La Poste said on Friday it would suspend the shipment of standard parcels for businesses to the United States, joining similar moves by other European firms due to looming U.S. customs duties for low-value packages. La Poste said only gift parcels sent between individuals worth less than $100 would continue to...
Workday's Topline Backed by Platform Strength, AI, BofA Says
Workday's Topline Backed by Platform Strength, AI, BofA Says
Aug 22, 2025
10:39 AM EDT, 08/22/2025 (MT Newswires) -- Workday (WDAY) posted a healthy topline growth in fiscal Q2 due to the strength of its platform and artificial intelligence, BofA Securities said in a note Friday. Growth was supported by the existing base and healthy net new annual contract value or ACV, which was fueled by 20% contribution from partners, the firm...
Copyright 2023-2026 - www.financetom.com All Rights Reserved