Business World

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 Inves...

Silver Lake and Jio Silver Lake to invest ₹ 5,655.75 crore in Reliance Jio  US private equity firm, Silver Lake will invest ₹ 5,655.75 crore in JIO platforms for a 1.15% stake at an equity value of ₹ 4.50 lakh crore. Jio platforms is wholly-owned subsidiary of Reliance Industries Ltd, focused on next generation technologies. It provides connectivity platforms to about 388 million subscribers. Less than 2  weeks before, Facebook said it would acquire 9.9% stake in JIO platforms for ₹ 43,574 crore. Fb and Jio About Silver Lake : Founded in 1999, Silver Lake is a pioneer in technology investing. Today Silver Lake's portfolio of investment collectively generates more than 204 billion dollars of revenue annually and employs more than 356,000 people globally.