---
title: KKR becomes fifth Jio investor in a month - Developing Telecoms
description: KKR has become the fifth major foreign investor in Jio Platforms in a month, acquiring a 2.32% stake in the digital unit for INR113.7 billion (US$1.5 billion).
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 [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)## KKR becomes fifth Jio investor in a month

 

 

   Details    James Barton    Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)     22 May 2020     9119 views   

 

  ![KKR becomes fifth Jio investor in a month](https://developingtelecoms.com/images/stories/Company_Logos/800x600/Reliance_Jio_Infocomm_600.jpg)  

 

KKR has become the fifth major foreign investor in Jio Platforms in a month, acquiring a 2.32% stake in the digital unit for INR113.7 billion (US$1.5 billion).

Reliance Industries has confirmed that it has sold 17% of Jio Platforms and brought in a total investment of US$10.46 billion, taking the unit’s valuation up to US$65.4 billion.

KKR’s investment in Jio Platforms is its largest in Asia. Henry Kravis, the co-founder and co-CEO of the US-based private equity firm, described Jio as “a true home-grown next-generation technology leader… unmatched in its ability to deliver technology solutions and services to a country that is experiencing a digital revolution.”

Reliance Industries chairman and MD Mukesh Ambani said: : “I am delighted to welcome KKR, one of the world’s most respected financial investors, as a valued partner in our onward march to growing and transforming the Indian digital ecosystem for the benefit of all Indians. KKR shares our ambitious goal of building a premier digital society in India.”

Prior to KKR, Reliance Industries has recently sold stakes in Jio Platforms to [General Atlantic](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/9552-jio-bags-a-fourth-major-us-investor.html), [Vista Equity Partners](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/9536-reliance-pulls-in-additional-1-5b-investment.html), Silver Lake and [Facebook](https://developingtelecoms.com/telecom-business/operator-news/9464-facebook-acquires-jio-stake-in-world-s-largest-minority-holding-deal.html).

 

 

   
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