US equity firm Kohlberg Kravis Roberts(KKR) to invest in Jio Platforms

The American Equity firm has announced today to invest 11,367 Cr in Jio Platform, owned by Reliance Industries. According to the deal, KKR will purchase 2.32% of Jio Stake. This is the 5th major deal Jio has closed in the past month. Before this Facebook, Silver Lake, Vista, and General Atlantic has invested a total of 78,562 Cr in Jio. This the largest investment by the US equity firm in Asia.

There is a trend to invest in Indias’ rising market of 1.3 Billion and many US companies tend to succeed it. Here is a brief picture of the deals that happened between Jio and other companies over the past one month. 

  • While Vista Equity Partners said on May 8 it will be picking up a 2.32% stake for Rs 11,367 crore. 
  • General Atlantic on May 18 said it will buy 1.34% stake in Jio Platforms for Rs 6,598.38 crore, 
  • And now KKR has announced to Invest Rs. 11,367 cr for a 2.32% of the stake. 

Jio has been successful in raising a huge amount of funds. Undoubtedly, Jio is planning something bigger, as it did before.

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