InvestorQ : What has been the valuation at which the latest sale of Jio Platforms stake sale to KKR (Kohlberg Kravis Roberts) has happened?
Arya Nanda made post

What has been the valuation at which the latest sale of Jio Platforms stake sale to KKR (Kohlberg Kravis Roberts) has happened?

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Deepa Salunkhe answered.
6 months ago
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After Facebook took a stake of 9.99% in Jio Platforms (the digital arm of Reliance Group), KKR has become the fourth private equity fund to put money into Jio Platforms. The fund has infused Rs.11,367 crore for a 2.32% stake in Jio Platforms. This is approximately the same valuation as Jio Platforms got from Silver Lakes. As of now, RIL has sold nearly 17.2% stake in Jio Platforms for a consideration of Rs.78,400 crore taking the implied valuation of the Jio Platforms to Rs.459,000 crore. This is another important step as Reliance plans to go towards zero-net debt by March 2021.

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