KKR to invest $1.5b in India's Jio Platforms
KKR has made its largest private equity investment in Asia to date with a commitment of INR113.6 billion ($1.5 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
The private equity firm becomes the fifth external investor and will obtain a 2.32% stake in the company. Last week, General Atlantic announced it would invest $870 million in the company. In total, Jio...
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