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KKR to invest Rs 11,367 crore in RIL’s Jio Platforms. Here’s what you need to know
May 22, 2020 | By Hindustantimes.com
business
In KKR’s largest investment in Asia, the transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
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Reliance Industries Limited (RIL) said on Friday US equity firm KKR will invest Rs 11,367 crore for a 2.32% stake in its digital arm, Jio Platforms, in the fifth major investment announced in Mukesh Ambani’s oil-retail-to-telecom conglomerate in four weeks.
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