The latest investment by KKR, which has a long history of building leading global enterprises, in Reliance Retail underscores its clear belief that the RIL unit is set to lead a disruptive, technology-led transformation of Indian retail sector particularly relevant in the post-pandemic India.
Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's
Reliance Industries selling over 17 percent stake in its digital unit Jio Platforms for a combined Rs 78,562 crore in one month will help pare about half of its net debt of Rs 1.61 lakh crore, Moody's Investors Service said on Friday
KKR will be investing Rs 11,367 crore in Jio Platforms for a 2.32 percent stake. This is KKR's largest investment in Asia.
Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms
KKR will invest Rs 11,367 cr into Reliance Jio Platforms: Key takeaways from the deal with global PE firm
KKR will invest Rs 11,367 crore into Jio Platforms: Key takeaways from the deal with global PE firm
KKR is making the investment from its Asia private equity and growth technology funds.
With the latest deal, Reliance Jio Platforms will get a combined Rs 78,562 crore from the five investments.