Thursday 21 May 2020

KKR-Jio Deal: US PE Giant KKR to Invest Rs. 11,367 Crores in Jio Platforms

Reliance Industries on Friday announced the sale of a 2.32 percent stake in its digital unit to US private equity giant KKR for Rs. 11,367 crores, the fifth deal in four weeks that will inject a combined Rs. 78,562 crores in the oil-to-telecom conglomerate to help it pare debt.

source https://gadgets.ndtv.com/telecom/news/kkr-jio-deal-us-pe-giant-kkr-to-invest-rs-11367-crores-in-jio-platforms-2233162

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