Reliance Jio-KKR deal: 5 things you need to know

Reliance Industries Limited (RIL) and Jio Platforms have announced a deal with US-based investment firm KKR worth ₹ 11,367 crore in exchange for a 2.32% equity stake. This is the fifth big investment Jio Platforms has bagged in the last one month.

Founded in 1976, KKR has a history of building leading global enterprises and investing in businesses in the technology sector. KKR’s investments include BMC Software, ByteDance and GoJek, through its private equity and technology growth funds.

Here are 5 things you need to know about RIL, Jio Platforms and its deals:

- In the last one month Jio Platforms has announced investments worth ₹ 78,562 crores by global technology investors

- This transaction values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. 

- The deal with KKR is the fifth in line after Facebook, Silver Lake, Vista Equity Partners and General Atlantic.

- This deal with RIL and Jio Platforms is KKR’s largest investment in Asia.

- The deal between Reliance Jio and Facebook kicked off this deal spree on April 22 when the latter picked up a 9.99% stake in Jio for ₹ 43,574 crore. This was followed by Silver Lake, one of the largest tech investors in the world, who bagged a 1.15% stake in Jio Platforms for ₹ 5,665.75 crore. US-based Vista Equity Partners bought 2.32% stake in Jio Platforms for ₹ 11,367 crore on May 8, exactly the same amount KKR has paid. On May 17, global equity firm General Atlantic bought a 1.34% stake in Jio Platforms for ₹ 6,598.38 crore.