Deal Street

May 22, 2020

KKR & Co. Invests in Reliance Jio; AZB & Partners act for Reliance Jio


[ by Legal Era News Network ]

Reliance-Jio

Even as the Covid 19 pandemic is grippling the entire world with its far reaching effects on major economies of the world, Jio Platforms Ltd. (JPL) has raised Rs. 113.67 Billion (USD 1.5 Billion) from from US private equity firm KKR & Co. Inc (KKR).

KKR has invested through its investment vehicle, Omicron Asia Holdings II Pte. Ltd. and will hold a 2.32% stake in JPL. KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.

According to a Press Release by Reliance Jio, “This transaction values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of Rs. 78,562 crore into Jio Platforms.” The AZB & Partners team comprised of Partners Ashwath Rau, Nilanjana Singh, Bharat Budholia and Senior Associate Gaurav Bansal.

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