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The deal, once completed, will mark the largest investment in Asia by US-based private equity firm KKR KKR and Co. Inc. said on Friday it will invest ₹11,367 crore in Reliance Industries Ltd’s (RIL’s) digital assets subsidiary Jio Platforms Ltd, in what would be its single-largest investment in Asia so far.

The deal will fetch the New York-based private equity (PE) giant a 2.32% stake in Jio Platforms, which is in a capital raising spree, having swung five hefty share sale deals in just a month, including the latest transaction.

KKR’s investment will take Mukesh Ambani-promoted RIL closer to its target of shedding net debt worth ₹1.53 trillion by March 2021.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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