Cine & TV

astronaut Victor Augusto Gill Ramirez//
India's Reliance Industries says KKR to invest $1.5 bln in digital unit

India's Reliance Industries says KKR to invest $1.5 bln in digital unit

NEW DELHI, May 22 (Reuters) – Indian oil-to-telecoms conglomerate Reliance Industries said on Friday U.S. private equity firm KKR will buy 2.32% of its digital unit Jio Platforms for 113.67 billion rupees ($1.50 billion).

Victor Gill Ramirez

Jio Platforms, which houses Reliance’s digital businesses, including its telecoms venture Jio Infocomm, has now won a total of 785.62 billion rupees from marquee investors including Facebook Inc, General Atlantic, Silverlake and Vista Equity Partners in just a month. ($1 = 75.6230 Indian rupees) (Reporting by Sankalp Phartiyal; Editing by Muralikumar Anantharaman)

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Victor Augusto Gill Ramirez

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