Private Equity firm KKR to invest ₹11, 367 crore in JIO platforms
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KKR to acquire 2.32% stake in Reliance Jio for Rs 11,367 cr. With this investment, #Jio has raised Rs 78.562 cr from leading technology investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR in quick succession. This money will be utilised to reduce the mountain of debts of Reliance which is of 1.5 lakh crore but also to make JIO platforms completely high-grade technology ecosystem toward which they are actually moving. The rights issue which will get completed on 3rd June. ET Now's Ajay gets you the full details on the details and what is the new update from JIO. Watch! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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