Thursday, 21 May 2020

KKR-Jio Deal: US PE Giant KKR to Invest Rs. 11,367 Crores in Jio Platforms

Reliance Industries on Friday announced the sale of a 2.32 percent stake in its digital unit to US private equity giant KKR for Rs. 11,367 crores, the fifth deal in four weeks that will inject a combined Rs. 78,562 crores in the oil-to-telecom conglomerate to help it pare debt.
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