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Thursday, May 21, 2020

KKR to invest Rs 11,367 crore into Jio Platforms: Reliance

Jio Platforms has raised Rs 11,367 crore or $1.5 billion from US private equity firm KKR as the latest infusion will take the total capital raised by Mukesh Ambani’s telecom and digital services venture to about Rs 78,562 crore or $10.3 billion. The deal will give KKR, which has invested through its Asia and technology funds in the deal, a 2.32% stake.

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Government concerned over telcos' service quality

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Oyt4IxX