May 22, 2020 / 2:01 AM / 5 days ago

India's Reliance Industries says KKR to invest $1.5 bln in digital unit

NEW DELHI, May 22 (Reuters) - Indian oil-to-telecoms conglomerate Reliance Industries said on Friday U.S. private equity firm KKR will buy 2.32% of its digital unit Jio Platforms for 113.67 billion rupees ($1.50 billion).

Jio Platforms, which houses Reliance’s digital businesses, including its telecoms venture Jio Infocomm, has now won a total of 785.62 billion rupees from marquee investors including Facebook Inc, General Atlantic, Silverlake and Vista Equity Partners in just a month. ($1 = 75.6230 Indian rupees) (Reporting by Sankalp Phartiyal; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below