KKR's largest Investment in Asia : Jio Platforms

KKR's largest Investment in Asia: Reliance Jio Platforms

Highlights :

KKR to invest ₹ 11,367 crore in Reliance Jio Platforms.

At an equity value of ₹ 4.91 lakh crore.

Enterprise value of ₹ 5.16 lakh crore

Translate into 2.32 % equity stake in Jio Platforms.

KKR announced that it is going to invest ₹ 11,367 crore in Reliance Jio Platforms at an equity value of ₹ 4.91 lakh crore and at an enterprise value of ₹ 5.16 lakh crore. It will translate into 2.32 % equity stake in the Reliance Jio platforms.

This is the 5th investment for Reliance Jio Platforms. Earlier Facebook, Silver Lake, Vista Equity Partners and General Atlantic had invested in the Jio Platforms.

Reliance Jio is a fully owned subsidiary of Reliance Industries Ltd.

Motive behind the fresh investment is to raise funds and ensure that RIL meets it's target to become a zero net debt company by March 2021.

Various Companies Investment and their Stake :

Facebook invested ₹ 43,574 crore for 9.99% stake.

Silver Lake invested ₹ 5,655 crore for 1.15 % stake.

Vista invested ₹ 11,300 crore for 2.32 % stake.

General Atlantic invested ₹ 6,598 crore for 1.34 % stake.

KKR invested ₹ 11,367 crore for 2.32 % stake

With this fresh investment, Reliance Jio Platforms has raised ₹ 78,562 crore in less than one month.

RIL debts stood at ₹ 1.61 lakh crore as of March 2020, and it seems that the company may achieve its target before the deadline of 2021.

A large part of the additional capital raised through the mega right issue worth ₹ 53,525 crore will also go towards clearing RIL debts pool.

The rights issue opened for subscription on May 20 and will close on June 3.

About KKR :

KKR ( Kolhberg Kravis Roberts and Co. ) is an American Global Investment firms that manage multiple alternative of asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds.

The firm was founded in 1976 by Jerome Kohlberg and cousins Henry Kravis and George R Roberts.

KKR's business operates in four segments private, public, capital markets and principle activities.

The firm has completed more than 280 private equity investment in portfolio companies with approximately 545 billion dollars of total enterprise value as of June 30, 2017.

About KKR : KKR ( Kolhberg Kravis Roberts and Co. ) is an American Global Investment firms that manage multiple alternative of asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The firm was founded in 1976 by Jerome Kohlberg and cousins Henry Kravis and George R Roberts. KKR's business operates in four segments private, public, capital markets and principle activities. The firm has completed more than 280 private equity investment in portfolio companies with approximately 545 billion dollars of total enterprise value as of June 30, 2017.

KKR

Website : KKR.com

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