Another American company investments in JIO

Reliance Industries Ltd (RIL), a subsidiary of Reliance Industries Limited (RIL), today announced it will invest in Geo Platforms. The deal was reported to be between Rs 11,367 crore. KKR said it would transfer a 2.32 percent stake in Geo Platforms. KKR has also joined Reliance Industries, Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and later Geo. This is the largest investment for KKR in Asia. With the latest investment, Geo Platforms’ equity has reached Rs 4.91 lakh crore. The investments made by various companies in JIO to date are worth Rs 78,562 crore.

KKR was founded in 1976. KKR has good experience in setting up international enterprises and investing in technology companies. It already has a history of investing in leading companies such as BMC, Software, Baitdance, and Gojek. The company has so far invested $ 30 billion in 20 different companies. India has continued its investment footprint since 2006.

Commenting on this, Reliance Chairman Mukesh Ambani said, “We are delighted that KKR is one of our financial partners as it is one of the world’s financial institutions. We will work with KKR to make India a digital nation for the benefit of all the people of the country. ”

Social media giant Facebook is up 9.99 percent to Rs 43,574 crore, Silver Lake to 1.15 percent to Rs 5656 crore, Vista Equity Partners to Rs 2.11 percent to Rs 11,367 crore, General Atlantic to Rs 6,598 crore to Rs. KKR bought a 2.32% stake.