KKR to invest $1.5 billion in India’s Reliance Jio platforms

KKR to invest $1.5 billion in India’s Reliance Jio platforms

Mukesh Ambani is Reliance Jio platforms agreement on the sale of 2.32% share of the US equity firm KKR, what is the fifth major investment in top Indian telecoms company in as many weeks.

On Friday, KKR, announced to invest 1.5 billion dollars in the Indian’s top Telecom operator, a subsidiary of India’s most valued firm (Reliance branches), will join fellow American investors, Facebook, Silver Lake, Vista Equity Partners and General Atlantic, the similar bet on the Indian company amassed the, over 388 million subscribers.

The investment by KKR, the written exams of about 20 tech companies so far, including byte dance and GoJek, values, which is almost four years old Reliance Jio platforms, which at $65 billion. Today’s announcement further to the increasing attractiveness of the Jio-platforms shows that raised $10.35 billion in the past month through the sale of about 17%, the share of foreign investors looking for a piece of the world’s second-largest internet market.

Ambani, Chairman and managing Director of Reliance Industries and who has poured more than $30 billion to build Jio platforms, said the company was pleased to use, “KKR’s global platform, industry knowledge, expertise and operational know-how in order to grow further, Jio.”

“only a Few companies have the potential to change a country, the digital ecosystem in the way that Jio platforms in India, and possibly in the world. Jio platforms is a real homegrown technology, the next-generation market leaders in India that is unsurpassed in its ability to use technology solutions and services in a country, is experiencing a digital revolution,” Henry Kravis, co-founder and co-CEO of KKR, said in a statement.

“We are investing behind Jio platforms, impressive dynamics, world-class innovation and a strong leadership team, and we consider this an important investment as a strong indicator for KKR’s commitment to the support of the leading technology companies in India and in the Asia-Pacific Region,” he added.

More to follow…

Released on Fri, 22 may 2020 01:52:00 +0000

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