Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced today that KKR will invest rupees. Rs 11,367 million on Jio platforms. This transaction values Jio platforms with a capital value of Rs.4.91 lakh crore and a company value of Rs 5.16 crore dekh. This is KKR’s largest investment in Asia and will result in a 2.32% stake in Jio Platforms on a fully diluted basis. Last month, top tech investors like Facebook, Silver Lake, Vista, General Atlantic and KKR announced global investments of Rs 78.562 billion on Jio platforms.
Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments in its digital ecosystem, fueled by cutting-edge technologies including broadband connectivity, smart devices, cloud and advanced computing, big data analytics, artificial intelligence, Internet of things, augmented and mixed reality and blockchain. Jio’s vision is to enable a digital India for 1.3 billion people and businesses across the country, including small traders, micro-enterprises and farmers, so that everyone can benefit from the fruits of a inclusive growth.
Founded in 1976, KKR has a long history of building large global companies and successful investments in technology companies, including BMC Software, ByteDance and GoJek through its private equity and technology growth funds. . Since its inception, the company has invested more than $ 30 billion (total company value) in technology companies, and today, the company’s technology portfolio includes more than 20 companies in the technology, media, and telecommunications sectors. Furthermore, India has been a key strategic market for KKR with a history of investing in the country since 2006.
Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries Limited, has built a future-proof, world-class network with the latest 4G LTE technology (through its wholly-owned subsidiary, Reliance Jio Infocomm Limited). It is the only network designed and born as a mobile video network from scratch and compatible with voice over LTE technology. It’s future-ready and can be easily updated to support even more data as technologies evolve to 5G, 6G, and more. Jio will bring transformative changes to India’s digital services space to enable the vision of digital India for 1.3 billion Indians and propel India towards global leadership in the digital economy. Jio created an ecosystem that includes affordable network, devices, apps and content, platforms, service experience, and prices so everyone can experience digital life. As part of its customer offerings, Jio has revolutionized the Indian telecommunications landscape by making voice calls for Jio customers absolutely free, across India, to any network and always.
KKR is a leading global investment company that manages various alternative asset classes, including private equity, energy, infrastructure, real estate, and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class employees and stimulating growth and value creation with KKR’s portfolio companies. KKR invests its own capital together with the capital it manages for fund investors and provides financing solutions and investment opportunities through its activities in the capital market. References to KKR investments may include the activities of its sponsored funds.
AatmNirbhar Bharat amazon CBSE corona vaccination CORONA VACCINE Coronavirus Covaxin COVID COVID 19 COVID19 Covid update Covid updates COVID VACCINE covishield DAILY NEWS SUMMARY Donald trump DRDO Facebook farmers protest GDP GST ICMR indian economy INDO-CHINA BORDER DISPUTE INDO-CHINA CONFLICT JOE BIDEN LAC lockdown Mann ki baat NARENDRA MODI NEET NV Ramana PRASHANT BHUSHAN RAHUL GANDHI RAJASTHAN POLITICAL CRISIS RAJSTHAN POLITICAL CRISIS RBI RIL Sputnik V Supreme Court supreme court of india Taliban twitter UAPA WHO