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.
- On 5th May another US private equity firm, Silver Lake said it will invest Rs 5,656 crore for a 1.15% of Stake.
- 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.