US-based private equity (PE) firm KKR has invested Rs 11,367 crore ($1.5 billion) into Jio Platforms for a 2.32 percent stake in the company.
Jio Platforms is the telecom unit of billionaire Mukesh Ambani's Reliance Industries. This is Jio Platforms' fifth major deal in the past month, after receiving investments from Facebook, Silver Lake,Vista, and General Atlantic.
The transaction is not KKR's first investment in India as it has gradually added Indian companies to its portfolio over the years.
The PE firm has invested in Indian companies such as Max Financial Services, Bharti Infratel, Ramky Enviro Engineers and Coffee Day Resorts.