US Private Equity Firm KKR Invests $1.5 billion in Reliance Jio
US Private Equity Firm KKR Invests $1.5 billion in Reliance Jio Reliance Industries on Friday announced a 2.32 percent stake sale in its telecom arm, Jio, to US-based private equity giant, KKR.Worth Rs. 11,367 crores ($1.5 billion), the deal values Reliance Jio’s digital business at Rs. 4.91 lakh crores (around $65 billion). It is the fifth major deal in Jio over the past four weeks, helping Reliance Industries mop-up a combined Rs....