RIL gains 1% as KKR picks up 2.32% stake for Rs 11,367 cr in Jio Platforms

Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic, and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.

Shares of Reliance Industries (RIL) were trading firm, up 1 per cent at Rs 1,455 on the BSE on Friday in the early morning deals; after the company announced that investment firm KKR will invest Rs 11,367 crore in its wholly-owned subsidiary Jio Platforms. In comparison, the S&P BSE Sensex was down 0.53 per cent at 30,769 points.

This transaction values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. This is KKR’s largest investment in Asia and will translate into a 2.32 per cent equity stake