Reliance Jio To Raise INR 11K Cr From KKR
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India, May 22 -- Reliance Jio Platforms, on May 22 (Friday), announced that it has raised INR 11,367 Cr funding from American global investment firm KKR, in exchange for 2.32% equity stake on a fully diluted basis.
This transaction values Jio Platforms at an equity value of INR 4.91 Lakh Cr and an enterprise value of INR 5.16 Lakh Cr. Over the last month, the company has raised INR 78,562 Cr from technology investors like Facebook, Silver Lake, Vista, and General Atlantic, along with KKR.
Facebook acquired a 9.99% stake in Jio Platforms after investing INR 43,574 Cr ($5.7 Bn) in the company, whereas Vista Equity Partners acquired a 2.32% stake for INR 11,367 Cr ($1.5 Bn). Meanwhile, Silver Lake and General Atlantic have invested INR 5,6...
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